Noida Dialogue

An initiative of Democratic Outreach for Social Transformation, DOST

Jaypee buyers plan hunger strike from April 19

April 14, 2019

NOIDA: Over 1,000 homebuyers of Jaypee Wish Town are planning to level a hunger strike on April 19 after Jaypee Infratech’s former chairman and managing director (CMD) Manoj Gaur sent them a letter on Sunday expressing his “anguish” on the prolong in supply in their houses and invited them for a “dialog” on that day. No bidder has been announced for the final touch of 22,500 flats within the township even after 18 months of insolvency complaints.
Gaur, who has ceased to hold his workplace because of the insolvency solution process, sent consumers an email on Sunday wishing them a cheerful Ram Navami and invited them to a day-long interplay at Jaypee Business School in Sector 62.

Gaur additionally expressed his “anguish” and sorrows for homebuyers who have been waiting for their flats for years. The letter was sent from Gaur’s professional email deal with.

Buyers, however, were not impressed with Gaur’s proactive gesture. “We were stunned to receive an email from Manoj Gaur as the insolvency complaints are nonetheless in motion. How can he achieve out to consumers when the felony complaints are in position and the appointed insolvency solution skilled (IRP) is now the CMD of the corporate? Thousands of consumers have received this invitation. We will level a hunger strike on that day, because now we have no longer most effective been cheated, but are even now being persuaded to be affected person,” Pramod Kumar, who purchased a flat within the township, mentioned.

Of the two construction corporations who submitted bids to finish the pending flats, it gave the impression most likely that state-owned National Building Construction Corporation Limited (NBCC) had a clear advantage over Suraksha Asset Reconstruction Company. The final decision on whether NBCC will probably be awarded the bid and proper to finish the challenge, however, has no longer been announced to this point.

Sources did not expose much about the insolvency continuing or its standing, but gave an update of the development growth of the challenge. “Around 15,000 flats are virtually within the final phases finishing touch. Delivery of apartments has been regularly going on,” a Jaypee professional mentioned.

The NBCC has reportedly asked for an extension to put up a fresh bid as the IRP, Anoop Mittal’s, term is drawing to an in depth, which consumers feel would additional have an effect on the solution process.

Source : News Tread