Jaypee Infratech home buyers object promoter takeover bid

Jaypee Infratech home buyers object promoter takeover bid

FPJ BureauUpdated: Wednesday, May 29, 2019, 09:23 AM IST
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New Delhi : A clear divide between home buyers of realty firm Jaypee Infratech has surfaced over the takeover bid made by the erstwhile promoters of the bankruptcy-hit firm.

While two associations of home buyers wanted Manoj Gaur-led promoter group to take over the company and complete the unfinished housing units, nine different associations on Monday came on a single platform to oppose any such move. Neither side, however, wanted the liquidation of Jaypee Infratech. The Jaypee promoter submitted a bid of over Rs 10,000 crore to revive Jaypee Infratech.