A recent and troubling editorial by The Economic Times shows how Jaypees defence against angry homebuyers looking for justice is often bought hook, line and sinker.
While Jaypee would be happy to have JIL fall into insolvency, letting them off the hook when it comes to stranded home buyers, the Supreme Court put a stop to it. Credit: Reuters
A recent editorial put out by The Economic Times (ET) headlined Jaypee Insolvency: Quite A Legal Mess made one sit up. What is jarring that the editorial takes several potshots at the Supreme Court, which in recent times has come to the rescue of over 30,000 hapless homebuyers.
The column begins with a matter-of-fact statement The Supreme Courts intervention in the bankruptcy procee…
Read the full article at: https://thewire.in/180623/the-supreme-court-was-right-to-pierce-the-jaypee-groups-corporate-veil/
