Aggrieved flat-buyers who have invested in Jaypee Infratechs projects have challenged the insolvency proceedings against the company in the National Company Law Tribunal (NCLT) before the Supreme Court.
Buyers have expressed concern that the case would leave them in a lurch and remediless to either get a house or compensation from the company.
A bench of Chief Justice JS Khehar and Justice DY Chandrachud immediately accepted the request of 24 buyers to grant them an early hearing after their counsel senior advocate Ajit Sinha pointed out that the buyers had been clubbed with secured creditors (financial institutions) and they would be last in line to receive their dues.
The matter will be heard in court on Thursday.
They will neither get …
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