The Supreme Court directed JAL to file an affidavit

The Supreme Court directed JAL to file an affidavit, said - Tell me, how many housing projects are there in the country

 Supreme Court told JP Associates, filing affidavit and tell how many housing projects he has throughout the country. In addition to the InfraTech of RBI, the application for bankruptcy proceeding against JAL will be heard later. Although the independent directors of JAL have been exempted from the court muscle, but instructions for leaving the country have remained intact. The Supreme Court said that it is absolutely clear that buyers either get home or money. The court said that it has to protect the interests of home buyers. In the case, the next hearing is to be held on February 5.

Right now, Amix Pawan will create separate web portals for JAL with Agarwal Home Boys. The Reserve Bank of India filed an application in the Supreme Court seeking JP Morgan's proposal to initiate proceedings for bankruptcy even against JP Infratech Limited. On December 15, the Supreme Court gave a respite to JP Associates Limited (JAL) and gave it till 25 January to deposit 125 crores. Earlier, the court had ordered the deposits in the Supreme Court registry till December 31. Under the order, the company had deposited 150 till December 14.

While hearing the matter, the Supreme Court warned that if the order is not followed then it will be under the contempt of court. In the previous hearing, the Supreme Court had banned the sale of the assets of directors of Jaypee Associates, who were stranded in the case of investing in other projects and not alloting the flat on time. The court had ordered the group to deposit Rs 150 crore on December 14 and Rs 125 crore on December 31.

In addition, the amount of Rs 275 crore deposited by JP Associates was accepted. Chief Justice Deepak Mishra, Justice A. The three-member bench of Justice M. Khanvilkar and Justice DY Chandrachud has frozen the private property of all the 13 directors. Without the court order these people will not be able to sell their property. Not only that, family members of directors will not be able to sell their property.

The court said that even if the investors try to sell their property in spite of the order, a criminal case will run against them. In the hearing on November 13, the court asked the JP Group to return Rs 2,000 crore of investors' plan. Apart from this, on November 22, all the directors were ordered to be present in the court individually. On this, JP Associates Limited deposited Rs 275 crore in the apex court.