What steps have you taken for homebuyers: SC asks YEIDA
Supreme Court on Friday asked the Yamuna Expressway Industrial Development Authority (YEIDA), which has challenged a debt resolution proposal for Jaiprakash Associates' Jaypee Infratech unit, to file an affidavit indicating the steps it has taken to protect the interests of homebuyers in the projects of the bankrupt developer and others.
Coming down heavily on YEIDA for its stand towards homebuyers in the residential projects, the court said: «You are not concerned with the homebuyers; that's where the problem lies.»
Observing that the homebuyers are the «ultimate sufferers», a bench led by Justice Sanjiv Khanna told solicitor general Tushar Mehta that «you cannot say that I'm concerned with my dues and the homebuyers, who are the real sufferers, can bear the brunt».
Mehta argued that YEIDA, the nodal agency responsible for implementing the Yamuna Expressway Project and allied development, was not against the resolution plan proposed by Suraksha Realty reaching finality, and it wanted to extend a helping hand to people who had booked flats in the residential projects.
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