SC directs Jaypee to pay â¹650 crore to refund homebuyers
The Supreme Court has directed Jaypee Group to pay â¹650 crore, instead of â¹1,000 crore ordered earlier, to refund the principal amount to homebuyers. The court said it would then ask the National Company Law Tribunal to decide on the firm's plea to revive its subsidiary, Jaypee Infratech. So far, â¹750 crore has been deposited with the Supreme Court registry.