NOIDA, March 7 -- The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked Mumbai based Suraksha Group to start construction work on Jaypee Infratech Limited (JIL)'s delayed project, the Wish Town housing society in Sector 128.

The NCLAT order came after aggrieved homebuyers, through an application, appealed that since they have been waiting for a long time for delivery of units and also for the Uttar Pradesh government to settle pending issues, construction work must start at the site without further delay.

The Yeida, in its 78th board meeting on September 13, 2023, had approved Mumbai-based Suraksha Group's resolution plan to take over stuck realty projects of bankrupt JIL, which failed to deliver around 32,000 units in ...