Shashank (60), who lives in Noida, has been waiting for the possession of his home in Klassik Heights in Jaypee Wishtown since 2011. The case, which pertained to fraud with homebuyers in Noida and Greater Noida, began after homebuyers of Jaypee Wishtown and Jaypee Greens projects filed complaints with the Economic Offences Wings (EOW) in Delhi and UP. Story continues below this adThe alleged diversions of money collected from the homebuyers included investments in Jaypee Group subsidiaries and group concerns such as M/s. On June 4, 2024, the Suraksha Group took control of JIL following the insolvency appellate tribunal NCLAT decision upholding its bid to acquire JIL. On March 7, 2023, the NCLT approved the bid of the Suraksha group to acquire JIL.

Source: Indian Express March 25, 2026 05:01 UTC