The Supreme Court on Monday directed the non-institutional directors of infrastructure firm Jaiprakash Associates (or Jaypee Associates) to appear in person before it next week and furnish details of their personal assets. The court’s direction came in the wake of its September 11 directive to the firm to deposit Rs 2,000 crore by October 27 to protect the interests of homebuyers and creditors.
The court had on November 6 refused to allow the company to deposit Rs 400 crore with its registry as against Rs 2,000 crore as directed earlier.
A Bench of Chief Justice Dipak Misra and Justices A M