business
SC directs Jaypee Associates to deposit Rs 200 cr
New Delhi, March 21 The Supreme Court on Wednesday directed the Jaypee Associates to deposit Rs 200 crore as a part payment of the amount required to pay the principal amount to 2,800 home buyers seeking refund.
A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud said that Rs 100 crore would be deposited by April 15 and the remaining Rs 100 crore by May 10.
Directing the next hearing of the matter on April 15 to see whether its order has been complied with, the court said that the amount so collected would be distributed to the home buyers seeking refund on pro rata basis.
The court also stayed all notices for demands raised by the developers to the home buyers seeking refund of their money.
14 hours ago
U.S. forces withdraw 17 of 20 American medical personnel from Gaza
14 hours ago
Beijing responds to US warnings about its assistance for Russia by claiming military collusion with Taipei.
14 hours ago
Coalition unites in fight against hate crimes; Hindu American Foundation joins
14 hours ago
Sanket Jayshukh Bulsara, an Indian-American, has been confirmed as a district judge by Senator Schumer.
14 hours ago
Nature lovers are invited by the Indian mission in New York to visit Chilika Lake in Odisha.
15 hours ago
White House Praises India’s Vibrant Democracy Amid Recent Diplomatic Dialogue
15 hours ago
'Taarak Mehta' star Deepti Sadhwani shines in thigh-high slit gold sequin gown at Cannes
15 hours ago
Janhvi Kapoor showers praise on 'Superstar Singer 3' contestant's 'Tumse Milke Dil Ka' act
15 hours ago
Farah Khan reveals her children are huge fans of 'Chhota Bheem'
15 hours ago
Cotton t-shirts, shorts, sneakers are Pooja Hegde's summer choices
15 hours ago
Puneet Issar took help of his son for shooting virtually from Seattle for 'Vanshaj'
15 hours ago
Influencer Aastha Shah flaunts her vitiligo on Cannes red carpet
15 hours ago
India to contribute about 30 pc of global GDP growth between 2035-2040: Amitabh Kant