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How Jaypee Infratech’s Promoter Manoj Gaur Is Trying To Derail Insolvency Proceedings
Manoj Gaur is lobbying with homebuyers to take back control of Jaypee Infratech.
03 May 2019, 10:22 AM IST
Manoj Gaur just won’t let go of Jaypee Infratech Ltd. even as lenders vote on a bid for the insolvent developer. And he hopes to derail the process with the help of people his company abandoned: homebuyers.About 25,000 buyers are waiting for apartments in the Jaypee Greens Wishtown project in Noida that the debt-ridden developer failed to deliver because of lack of funds. Thanks to the Supreme Court’s intervention, they now control 5...
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