 "Realty mess: Supreme Court stops Jaypee directors from separating assets")
The Supreme Court (SC) on Wednesday again rapped debt-ridden Jaiprakash Associates (JAL), directing the company to repay all dues to buyers of its home properties and warning its directors and promoters from alienating their properties or assets of their kins.
The company also deposited a demand draft for Rs 275 crore at the apex court, in response to earlier orders.
Thousands of homebuyers had petitioned after the National Company Law Tribunal (NCLT) on August 10 admitted IDBI Bank’s plea to initiate insolvency proceedings against the company for defaulting on Rs 526 crore of loan.
Senior advocates Mukul Rohatgi and Ranjit Kumar, who appeared
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