The Supreme Court on Wednesday directed Jaiprakash Associates Ltd (JAL), the holding company of infrastructure giant Jaypee, to produce on record details of each and every one of its housing projects spread across the country. With the direction the SC has now made clear that it is committed to protecting the lower middle-class homebuyers who are left high and dry after investing in housing projects.
Entreaties refused
Refusing entreaties made by JAL lawyers that their client is a separate entity and should not be mixed with the insolvency proceedings against the Jaypee group, a Bench led by Chief Justice of India Dipak Misra asked its amicus curiae, Pawan Sree Aggarwal, to create an online portal for JAL homebuyers to voice claims aga…
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