NEW DELHI: Around 2,300 home buyers of Jaypee Infratechs Wish Town project in Noida moved the Supreme Court on Friday, requesting it to ensure the builder deposited the money needed to complete the project with the court or in an escrow account before lifting a stay on insolvency proceedings at the company. They also want the company to pay them compensation for the delay caused so far with an 18% interest.
The plea, filed by a group of nine home buyers associations, comes after IDBI Bank moved the apex court on Thursday for lifting the stay.
The home buyers want the interest of flat buyers to be protected by the court. According to their application, filed through law firm Trilegal, the insolvency code does not provide for a suitabl…
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