India, Feb. 16 -- The National Company Law Tribunal (NCLT) has made a committee of two retired members to prepare a comprehensive report on the status of Jaypee Wish Town projects.
The move follows a petition filed by a group of homebuyers alleging slow progress of construction.
The NCLT principal bench on Thursday directed that former members, PK Mohanty and Dr Deepti Mukesh, undertake an independent assessment of the construction in compliance with the approved resolution plan in the insolvency matter of Jaypee Infratech Ltd.
The order was passed by a bench comprising justice Ramalingam Sudhakar, president, and Ravindra Chaturvedi, member (technical).
Homebuyers, particularly those in the Wish Town township in Noida, have been await...
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