Jaypee Insolvency: SC directs fresh resolution process, no disbursement of funds to home buyers

Jaypee

In a judgment passed today, the Supreme Court has initiated the insolvency resolution process against Jaypee Infratech Limited afresh.

The Bench of Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud also directed the constitution of a fresh Committee of Creditors (CoC), and held that the funds deposited by Jaypee thus far will not be disbursed to home buyers seeking a refund.

The Court decided the same in a batch of petitions filed by over . . .

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