Jaypee Infratech homebuyers thwart RBI’s plan for quick fix to bad debt
Supreme Court on 4 September halted the insolvency court proceedings against Jaypee Infratech after hundreds of homebuyers filed a suit saying the loan recovery proceedings threaten to leave them without homes or compensation
New Delhi/Mumbai: Fifteen miles east of India’s capital lies Jaypee Wish Town, a sprawling 1,162-acre site spotted with unfinished residential towers that embody the human cost of the nation’s bad-loan mess and point to the difficulty of resolving it.
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