Considering the process of declaration of JP Group Builder's bankruptcy, flat buyers have now made a plea in the Supreme Court for justice.
For more than 30,000 investors booked flat in JP Infratech, the September 4th coming next month may be important. The Supreme Court will hear the petition filed on September 4 by flat buyers.
On Thursday, the Supreme Court said that all petitions will be heard on September 4. 32 thousand buyers had complained to the court that the decision to declare the Allahabad Bench of the National Company Law Tribunal as "bankrupt" was immediately banned. On accepting the plea of flat buyers, on Thursday, they agreed to hear it.
Explain that considering the process of declaring JP Group Builder to be bankrupt, now flat buyers have also made a plea in the Supreme Court for justice.
Chief Justice JS Kher and Justice D.V. Chandrachud said on Wednesday that they will hear the appeal of flat buyers who say that due to unsafe creditors, they will neither get their home nor earn huge earnings of their lifetime.
On behalf of 24 flat buyers, their lawyer Ajit Sinha said 32 thousand flat buyers have booked their flat in 27 different housing projects of JP Infratech. In the bankruptcy process of the builder, the interests of those who buy a home loan should be protected.
He urged that the interests of flat buyers should be protected. This petition has filed flat buyer picture Sharma and 23 others.
It is worth noting that hundreds of flat buyers came in huge trouble when the National Company Law Tribunal (NCLT) accepted on August 10 that the IDBI Bank has appealed that the real estate company wants to be declared a defaulter for a loan of 526 crore.
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