SC asks Jaypee to deposit â¹1,000 crore to refund homebuyers
The Supreme Court has asked real-estate firm Jaypee Associates to deposit â¹1,000 crore by June 15 to refund the homebuyers. The liquidation proceedings against the firm's subsidiary Jaypee Infratech will be stayed after the amount is deposited, the court said. The court had earlier directed Jaypee to deposit â¹2,000 crore but the firm has deposited only â¹750 crore till now. 