Highlights 1 After Jaypee, more builders might be declared insolvent. Over 32,000 homebuyers, who invested in Jaypee Infratech, are left in the lurch as neither have they got their dream home nor the money back. Jaypee Infratech is the first real estate firm in the country going through insolvency. In the present case, the NCLT admitted the insolvency petition filed by IDBI Bank against debt-ridden Jaypee Infratech, part of the Jaypee group. RERA WILL TAKE CARE OF ITThe NCLT has appointed insolvency professional Anuj Jain as CEO of Jaypee Infratech.

Source: India Today August 21, 2017 00:33 UTC