Jaypee Infratech Limited Committee of Creditors (COC) rejected the demand of a forensic audit of accounts of the company, in a voting, the results for which were announced on Tuesday.
Homebuyers had been demanding an independent audit for some five years, to determine why Jaypee Infratech failed to finish the housing projects despite buyers having paid the cost of the flats on time.
On August 9, 2017, the National Company Law Tribunal had appointed Anuj Jain, a chartered accountant as the Interim Resolution Professional (IRP) under Insolvency and Bankruptcy Code, after admitting a corporate insolvency plea from IDBI Bank. The bank had said it needed to recover dues from Jaypee Infratech Limited.
However, in the first round of cor…
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