India — Supreme Court of India & Jaypee Group

India — Supreme Court of India: The India — Supreme Court of India>>> has issued notices to various entities, including government bodies, banks, and real estate firms, in response to a plea alleging siphoning of homebuyers' funds. It is overseeing the investigation and seeking status reports.

Jaypee Group: Jaypee Group>>> is a key real estate firm accused of collecting thousands of crores from homebuyers and allegedly diverting substantial amounts for non-construction purposes, leading to project insolvency and leaving buyers stranded.

Jaypee Group: Jaypee Group is a real estate firm whose former CMD, Manoj Gaur, was arrested for allegedly diverting funds collected from homebuyers, leading to incomplete projects and significant financial distress for the company.