Deposit money as directed, Tihar is not far: SC to Jaypee

Gallery

MORE...

Sports

Satwik-Chirag return as BAI names 14-strong squad for BWF Sudirman Cup Finals 2025

The Badminton Association of India (BAI) has announced a 14-member-strong India squad for

Men’s Sr Hockey Nationals to be played in division-based format from April 4

Mensik denies Djokovic 100th title in Miami final

KIPG: Son of a vegetable vendor, Bihar’s Jhandu Kumar eyes Worlds, 2028 Paralympics

Hardik Singh credits hard work and team unity for receiving HI Midfielder of the Year award

Djokovic, Alcaraz land in same half of Miami draw

MORE...

Deposit money as directed, Tihar is not far: SC to Jaypee

Last Updated : 10 Jan 2018 12:46:29 PM IST

Deposit money as directed, Tihar is not far: SC to Jaypee

The Supreme Court on Wednesday told Jaypee Associates to deposit Rs 125 crore as directed failing which it would be held in contempt of court and could land in Tihar Jail.

The amount is part of the Rs 2,000 crore that the top court had directed Jaypee Associates to deposit with its registry to pay the home buyers of Jaypee Infratech seeking a refund of their money.

Jaypee Associates has to deposit the Rs 125 crore by January 25.

A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud also directed Jaypee Associates to file an affidavit stating all the housing projects they were developing.

The court said that it would only at a later stage see an application by the Reserve Bank of India seeking the top court's nod for initiating proceedings under the Insolvency and Bankruptcy Code (IBC) against Jaypee Associates.