Jaypee Infra insolvency: Homebuyers want NBCC bid to be reconsidered

Aggrieved buyers, who have booked flats in Jaypee Infratech projects, also complained that voting process is not being carried out in a fair manner

Distressed homebuyers of debt-ridden Jaypee Infratech Thursday demanded that state-owned NBCC's bid to acquire the realty firm should be reconsidered as they do not have any faith in private companies.

Representatives of nine homebuyers' associations of Jaypee Infratech's housing projects in Noida, Uttar Pradesh, said that Jaypee group promoters are interfering in the insolvency proceedings to regain control over the troubled realty firm. They also cast aspersion on court-appointed Interim Resolution Professional (IRP),alleging that it was taking the side of the Jaypee group.
 

Aggrieved buyers, who have booked flats in Jaypee Infratech projects, also complained that voting process is not being