Development Charges Edcs News Today

In March 2023, the National Company Law Tribunal has approved the resolution plan submitted by the Mumbai-based Suraksha Group for Jaypee Infratech through the insolvency process, raising hopes for more than 20,000 homebuyers waiting for their apartments in Noida for over a decade.

YEIDA, which had entered into a Concession Agreement with Jaypee in February 2003, had filed claims for ₹6,111.59 crore, mainly on account of pending works and External Development Charges (EDCs), unexecuted external development works and other future works.