Jaypee tells SC it wants to sell Yamuna E-way for Rs 2,500 crore to pay homebuyers
Friday, October 13, 2017 IST
The embattled Jaypee group informed the Supreme Court on Friday that it wants to “hive off” the multi-crore Yamuna Expressway to generate money to pay homebuyers.
Jaypee Associates told the apex court that it has an offer worth Rs 2,500 crore and sought permission to give the project to another party.
A bench of Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud said it will hear the matter on October 23.
Jaypee Associates, the parent company of Jaypee Infratech, had earlier been asked by the apex court to deposit Rs 2,000 crore with the Supreme Court registry by October 27 for paying troubled homebuyers.
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