1) SC has directed JP to deposit Rs 2000 cr in court to protect interests of flat purchasers

2) further directors ya e been directed to file affidavit disclosing their personal assets

3) SC will JP to disclose list of flat purchasers

4) option would be given to flat purchasers to opt for refund or possession of flats if JP group has sufficen t assets to pay flat purchasers

The order of supreme court needs to be seen to give further advice.

If the stay is granted by supreme court then nothing could be done.

You can though apply for making yourself added as party to the supreme court case as one of the creditors f the company.

Hi, sir the Jaypee infra is the builder so he has to be party to the suit .. If he has declared insolvency, under such circumstances the court appoints a liquidator and auction the project to some new buyer who is capable of completing the project and clearing off the liability of the existing builder

Dear Client,

Jaypee infratech is subsidiary of Jaiprakash Associates.

Prefer an application in the supreme court to implead/intervention as party in the going appeal filed against NCLT order.

Also submit forms B and C issued by the insolvency resolution professional (IRP) to register ur claim with corporate insolvency resolution process.

Your lawyer has already impleaded jaypee infra and perhaps notice too has been issued to it but it seems they are not replying.

There is no need to get yourself impleaded in the pending matter before the Supreme Court.

You will still be entitled to clear your dues once the matter is finalised before the NCLT.

The supreme court will eventually ask the builder to disclose the list of flat buyers, after which as per the belongings of the Jaypee customers would be given option will be given to the purchasers to either opt for refund or purchase of the flat.

I would advise you to not worry at this juncture, the subsequent judgment of the SC will apply to all the buyers in rem.

Regards

Respected sir...

They will have to pay you for all the things you are facing now a days and they will have to pay you with intrest ..A there case is in supreme court so follow up that and wait for court order and ask your lawyer to file a writ petition ...Prior to supreme court descion consumer court can not take any action against them because super court is the highst appeleat court of india so wait for it....

Thanku

frankly speaking you matter is not so simple what you are saying. your matter was on 10 october 2017 before National commission, when i was present there regarding another case. i have heard a glimpse of your case.

without getting the full details no satisfactory answer can be given and further you may be misguided by any side taking advice.

you paid the amount to some one who is not your builder, land owned by some one who is not the developer.

File an application to the Honourable Supreme Court of India to make you as a necessary party to the proceedings.

Whether the HP associates responded to the notice sent to them either in person through their representative or through an advocate?

How did you know that they filed an IP before supreme court?

If the same entity has filed insolvency petition, you may file a petition before the same court to implead you as a respondent on the basis of the amount you have paid to the developer for purchase of the flat.

What is your advocate opining about this?

If the builder is appearing in the consumer court, then you may have to follow the consumer court case regularly and properly