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Supreme Court Suggests JP Associates Refund Rs 650 Crore To Homebuyers

Thursday, July 5, 2018, 5:27 PM

The Supreme Court has directed Jaypee Group to pay Rs 650 crore, instead of Rs 1,000 crore ordered earlier, to refund the principal amount to homebuyers. The court said it would then ask the National Company Law Tribunal to decide on the firm's plea to revive its subsidiary, Jaypee Infratech. So far, Rs 750 crore has been deposited with the Supreme Court registry.

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