Homebuyers of Jaypee Wish Town demand Rs 15,000 crore cover from Jaypee

The homebuyers of Jaypee Wish Town have demanded that the builder should submit Rs 15,000 crore in the Supreme Court to ensure the project’s completion. The homebuyers have written a letter to the amicus curiae representing buyers, in the insolvency proceedings of Jaypee Wish Town at the National Company Law Tribunal (NCLT). Certain demands have been placed by the buyers in the letter. They have demanded that all flats be completed and handed over by December 2018 and future meetings be scheduled with insolvency resolution professional Anuj Jain and members of the amicus curie team — Subhangi Tuli and Shekhar Naphade. Further, they have also requested that an escrow account be created with the buyers, for the protection of funds that are to be deposited by buyers with the builder in future.