New Delhi : Realty firm Jaiprakash Associates (JAL) on Friday told the Supreme Court that it has deposited Rs 750 crore with the apex court Registry for refunding money to home buyers and sought consideration of its resolution plan for revival of one of its bankruptcy-hit firms.

A bench comprising Chief Justice Dipak Misra and justices A M Khanwilkar and D Y Chandrachud said that it would hear all the interim pleas, including the one filed by JAL, on May 16 and pass an order. Senior advocate Mukul Rohatgi and lawyer Anupam Lal Das, representing real estate firm JAL, said that it was asked to deposit Rs 750 crore and now the pleas of the company be heard.

JAL, the parent firm of Jaypee Infratech, filed a plea in the apex court seeking directions and approval of its resolution plan of May 5 which proposed to offer 2,000 equity shares of JIL, the company facing the insolvency proceedings, to each home buyer as part of its Rs 10,000-crore proposal to revive it.

It has also sought a direction for restraining the NLCT at Allahabad from proceeding with the insolvency proceedings.

“The resolution plan submitted by JAL fully protects the interest of all the stakeholders of Jaypee Infratech,” the petition said.

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