Summary:
So, now we need clarity on who should be the resolution professional,” said Pramod Kumar, a buyer.“The buyers are not happy with the way the resolution was executed by Jain in the last leg of resolution process,” he added. With no conclusion drawn on completion of projects, the resolution process have been re-initiated by the Supreme Court from this month once again, which could again run a new resolution cycle spanning nine months.During the initial resolution process, 12,000 buyers had filled forms to claim their stake in the apartments at Wish Town. Jaypee had deposited Rs 760 crore with the Supreme Court during the hearing of its ongoing case. Of the 32,000 apartments, the company claims to have handed over 7,000. So we want the NCLT to give us a written order on the exact steps we need to take.”“We are expecting some direction by next Monday,” he added.Meanwhile, late on Thursday evening, Jaypee Infratech uploaded all information related to 24,318 buyers’ claim with unit numbers and principal amount as claimed..