Bring uniform proposal outside IBC to solve Jaypee homebuyers' woes: SC

Top court defers hearing to July 11, says such policy issues should be solved by Centre

The Supreme Court on Tuesday asked the central government if it had a “uniform proposal” outside of the Insolvency and Bankruptcy Code framework to resolve the problems being faced by millions of homebuyers who had not got the possession of their flats despite having paid for these properties to the real estate builders.

“This issue will be bothering lakhs of homebuyers. Within the IBC (Insolvency and Bankruptcy Code), we cannot do anything. But outside it, you (Centre) can suggest something. We can consider that,” said a two-judge Bench of Justice A M Khanwilkar and Justice Dinesh Maheshwari, adding that such