“Jaypee Infratech – Suraksha Realty, Noida: Despite a clean-slate  Resolution Plan approved under the Insolvency and Bankruptcy Code, 2016, homebuyers continue to receive compounded interest demands exceeding 20%.”

The Resolution Plan approved by the NCLT and upheld by the NCLAT provides for a clean-slate principle, extinguishing pre-CIRP dues, including interest.

Full explanation and supporting documents are available below.