New Delhi, July 12 -- The Centre is working on a "uniform proposal" to address the complaints of homebuyers who are yet to get possession of their apartments from real estate companies, most of which are facing insolvency proceedings, the government told the Supreme Court on Thursday.

The government informed the court about the proposal when it was hearing a fresh petition filed by homebuyers against Jaypee Infratech Limited. The fresh plea has been filed to stop the liquidation of Jaypee Infratech. The deadline to wrap up the insolvency proceedings against the company has lapsed, and according to law, it has to be liquidated.

A bench led by Justice AM Khanwilkar said the top court will not hesitate in invoking its powers under the Consti...