Jaypee buyers seek CM’s help
NOIDA:: The Jaypee Group homebuyers on Monday said that they have decided to meet Uttar Pradesh chief minister Yogi Adityanath during his visit to Noida this month.
Adityanath is scheduled to hand over flat keys to 15 homebuyers (50,000 units are ready) during an event for which a date is yet to be finalised. Jaypee Group homebuyers will seek his intervention so that their longstanding issues can be resolved at the earliest. “We had met the chief minister in April 2017 in Lucknow, and he assured us of his help. But even after a year, neither the state, nor the central government has taken adequate steps to ensure the developer delivers flats. We had, last year, filed FIRs against the Jaypee Group directors for fraud and cheating, but no action has been taken. If the CM does not meet us in Noida, we will have to resort to protest,” said Mitroo Krishan, a retired Air Force officer and a Jaypee Group homebuyer.
Jaypee Infratech Limited (JIL) and Jaypee Associate Limited (JAL) had, in 2007, proposed to build 32,000 flats and develop some plots under the integrated Wish Town project, located in sectors 128, 129,131, 133 and 134 along the Noida-Greater Noida Expressway. The Jaypee Infratech, which developed the 165km Yamuna Expressway and the Formula One circuit, had promised homebuyers of the delivery of flats from 2011-12 onwards. It has, so far, delivered around 12,000 flats and plots, but has failed to deliver around 20,000 flats in its Wish Town and Jaypee Aman projects.
Last year, homebuyers had written to the chief minister and the ministry of finance, demanding a forensic audit into the accounts of Jaypee Group’s two companies — JAL and JIL.
“We want to question the state and the central government as to why they could not order a forensic audit into the accounts of the two companies and find out where the money collected from the homebuyers went?” said Ranjeet Jha, a homebuyer.
Homebuyers want to ask Adityanath why the UP police has not investigated the case, even after more than a year of filing an FIR against the developer.
“When we had met the UP chief minister (in 2017), he had directed the police and administration to do justice to homebuyers. Where is the action?” said Krishan.
On August 9, 2017, the national company law tribunal had appointed Anuj Jain, a chartered accountant, as the interim resolution professional (IRP) under the insolvency and bankruptcy code, after admitting an insolvency plea from IDBI Bnk, that needs to recover its dues from Jaypee Infratech Limited. Homebuyers, in September 2017, had filed a plea in the supreme court with an aim to protect their interests. The court had allowed the IRP to prepare a revival plan.
“We want to ask the UP government and the centre why they did not act before the cases were filed in the supreme court. And why can they not address our issues now,” said Aaditya Gutgutia, a homebuyer. Jaypee Infratech Limited vice-president Ashok Khera said, “We are committed to deliver housing units to homebuyers .