Will deposit â¹600cr if SC allows selling cement biz: Jaypee
Jaypee Associates has told the Supreme Court it would deposit another â¹600 crore to refund homebuyers if it was allowed to dispose of its identified cement assets including a cement plant in Madhya Pradesh. The company also sought a stay on liquidation proceedings against its subsidiary Jaypee Infratech. Jaypee said it had already deposited â¹750 crore with the court registry.