Jaypee Infra projects will go on: Noida Authority

The Noida Authority said on Saturday that in solvency proceedings against Jaypee Greens, Jaypee Infratech would not come in the way of construction work at its delayed housing projects, including Wish Town, reports Vandana Keelor. The authority’s assurance came as hundreds of angry homebuyers protested, and a section turned violent, breaking barricades and smashing glass panes at the company’s office in Noida.

Jaypee Greens

The announcement was made by Noida CEO Amit Mohan Prasad after a meeting with Jaypee Greens wish town, Jaypee Infratech managing director Manoj Gaur, senior officials from IDBI Bank, which has filed the insolvency plea at the National Company Law Tribunal (NCLT), and the interim resolution professional appointed by NCLT.

Sourced From :- http://timesofindia.indiatimes.com/ Dated :- 13-08-2017 .

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