The Economic Times

Jaypee homebuyers complaints genuine, Suraksha Group breached resolution plan: Panel

An independent committee examining Jaypee Infratech homebuyers grievances has found most allegations of construction delays, poor quality, labour shortages and fund diversion to be genuine. The committee said Suraksha Group had failed to meet key resolution-plan obligations, including arranging Rs 3,000 crore in working capital, and urged urgent tribunal intervention.