Finance Minister on Jaypee Infratech : ‘Those who have invested money in jp infra tech, should get the flat’
New Delhi: In JP Infratech’s projects in NCR, there is a slight relief for home buyers. Today, on behalf of the government, Finance Minister Arun Jaitley has made a big statement. Arun Jaitley has said that the projects which JP Builders have invested in should get the flat. The government’s sympathy is also with home buyers. This statement is important because many bank-builders are preparing to take possession of properties due to the arrears of builders. For the first time, the statement of Finance Minister Arun Jaitley has come on the JP controversy.
Noida and Greater Noida home buyers are making rounds of JP’s sales and marketing offices due to investing in JP projects. But their concern is increasing because of no satisfactory answer from there.
Time till August 24 to claim of Jaypee Infratech’s home buyers
JP under the decision of the bankruptcy settlement proceedings against Infratech, including banks, employees and home buying will have a chance to present their claims to all sides. There are different forms for different parties for claims. For instance, the buyers of the house will have to fill the form, whereas the banks and financial institutions have to fill Form C and employees in Form D. All these forms can be downloaded from the website www.ibbi.gov.in. Banks and financial institutions have the option of filling the form electronically only, while others can present claims, either by post or by electronic means. You can use the email ID IRPJIL@bsraffliates.com to send the form electronically.
What is the whole case
The controversy over builder-flat buyers in Noida Greater Noida, adjacent to Delhi, is going on fast. The National Company Law Tribunal has put JP Infratech or JP Builders in the list of companies on the verge of being declared bankruptcy. If circumstances do not change in the circumstances of Noida’s JP Builder in 9 months, then the property will be auctioned. Thousands of people who buy house in Jaypee Builders are trapped in money and flat.
