Supreme Court to give verdict on Jaypee Infratech & Amrapali issue on July 18

Saurabh Kumar

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July 18th will be an important day for Amarpali and Jaypee home buyers as Supreme court will be giving its verdict on the issue. Against Amarpali SC has keept its verdict safe while against Jaypee Infratech Ltd hearing will be done. So buyers have hope that soon they will get solution of this matter.

After failing to come up with a policy to protect buyers’ interest, the Centre urged a bench headed by Justice A M Khanwikar to adjourn the hearing as the case was listed before the National Company Law Appellate Tribunal (NCLAT) on July 17 for a final decision on the resolution plan. It posted hearing for July 18. The court said in an attempt to take over Jaypee Infratech Ltd which is facing insolvency proceedings, the parties should explore all possibilities to provide the way for other builders.

The bench has assured the homebuyers that their interest would be protected, they have urged the bench to pass an interim order to stop liquidation of the company during July 11 hearing.

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