Want the money you invested in Jaypee back? Here's what home buyers must do

Investment of 32,000 home buyers is stuck because of insolvency proceedings against Jaypee Infratech

Home buyers in the Jaypee Infratech projects can now breathe easy as they will get relief on a claim form. Confusion had arisen over forms because the law makes a distinction between financial creditors, which are banks and operational creditors when it comes to filing an insolvency petition. Now, Insolvency resolution professional (IRP) has decided to accept whichever form Jaypee home buyers' claims are filed in.

The investment of around 32,000 home buyers is stuck because of insolvency proceedings against Jaypee Infratech. According to MoneyControl sources, the Insolvency & Bankruptcy Board of India had erred in deciding