video | Relief to over 20,000 home buyers as Jaypee Infra acquisition plan approved

The National Company Law Tribunal (NCLT) on Tuesday approved Mumbai-based Suraksha Group’s bid to buy Jaypee Infratech Ltd, a development that will save over 20,000 people nearly six years after the debt-laden company entered the insolvency process. Comes as a relief for home buyers. , The decision comes nearly two years after the Committee of Creditors (CoC) approved the security group’s offer, which will pave the way for completion of over 20,000 housing units in various stalled projects of Jaypee Infratech Ltd (JIL) . Noida and Greater Noida in the National Capital Region.