Liquidation of Jaypee's assets would mean home buyers being left in the lurch, forced to take a haircut
Jaypee Infratech is one of the first 12 major insolvency cases that the RBI had directed banks to take to the NCLT under the IBC
In its resolution plan, Jaypee has offered a haircut of Rs 2.3 billion to the lenders, while Lakshadweep has offered to buy the realty firm at a hair cut of Rs 28 billion
A group of homebuyers is aggrieved that the evaluation criteria for the bids are heavily loaded in favour of financial creditors