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NCLAT will review NCLT's decision on YEIDA's claims regarding compensation to farmers in the Jaypee Infratech case - Vimarsana News

NCLAT will review NCLT's decision on YEIDA's claims regarding compensation to farmers in the Jaypee Infratech case

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.

Jaypee case: YEIDA mulls to challenge NCLT decision to reject its claims - Vimarsana News

Jaypee case: YEIDA mulls to challenge NCLT decision to reject its claims

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.