Jaypee: Homebuyers' complaints under Consumer Protection Act maintainable during Insolvency proceedings, Supreme CourtApril 19 2019
The Supreme Court has upheld the judgment of the National Consumer Disputes Redressal Commission (NCDRC) against Jaiprakash Associate Limited (JAL) on the issue of maintainability of consumer complaints before NCDRC.
The NCDRC had held that consumer complaints filed by the aggrieved homebuyers against JAL can be proceeded with before the NCDRC. These proceedings can continue during the pendency of Insolvency proceedings against Jaypee Infratech Limited (Jaypee), the Commission had held. Jaypee is a special purpose vehicle created by its holding company, Jaiprakash Associates Limited (JAL).
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