Insolvency resolution professional rules out refund possibility for home buyers in Jaypee case – Economic Times

NEW DELHI: The insolvency resolution professional (IRP) handling the Jaypee Infratech case has ruled out the possibility of home buyers getting refunds, but has assured efforts are being made to ensure the continuation of project development. The Allahabad bench of the National Company Law Tribunal (NCLT) on August 9 classified Jaypee Infratech as insolvent on…