Jaypee Infratech: Holi gift to 22,000 homebuyers of Jaypee Infratech, now this company will build flats
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Home buyers had booked flats in Jaypee Infra in the year 2010. Voting has taken place several times in the last three years on the issue of who will complete the unfinished projects of Jaypee Infratech. About a year and a half ago, the security agency was selected to complete the unfinished projects of Jaypee Infratech on the basis of voting done through buyers and other investors. Also, the IRP had proposed in the NCLT that the security agency has been selected on behalf of the investors to complete the incomplete projects. In the last one and a half years, NCLT was not able to take a decision on this proposal due to one objection after another.
what does protection ARC do
Suraksha ARC is an asset construction company. The company received the Certificate of Registration from RBI on September 29, 2016. It is promoted by Sudhir Walia, a senior industry professional with years of experience in various industries. Its MD & CEO is Alok Dave who has been in the asset construction business since inception. He has 15 years of experience in this industry. In June 2021, Suraksha Group received approval from the CoC for the acquisition of Jaypee Infratech. Jaypee Infratech was among the 12 companies against which the Reserve Bank had first ordered initiation of insolvency proceedings.
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