+
NCLAT Permits Construction at Jaypee Wish Town
ECONOMY & POLICY

NCLAT Permits Construction at Jaypee Wish Town

The National Company Law Appellate Tribunal (NCLAT) has given its nod to the Suraksha Group, allowing the initiation of construction activities at Jaypee Wish Town. This decision marks a significant step forward in the resolution process, bringing hope to homebuyers and stakeholders associated with the troubled real estate project.

The NCLAT's approval for Suraksha Group to start construction is a positive development for Jaypee Wish Town, a project that has faced challenges and delays. The decision reflects the tribunal's commitment to facilitating the completion of stalled real estate projects, aiming to safeguard the interests of homebuyers and revive the real estate sector.

As construction activities recommence, this move is expected to inject momentum into the Jaypee Wish Town project, addressing the concerns of homebuyers who have been awaiting the completion of their homes. The NCLAT's decision aligns with the broader efforts to bring resolution and relief to distressed real estate projects across the country.

The approval granted by NCLAT signifies a collaborative approach between the judiciary, resolution professionals, and real estate developers, emphasising the importance of finding solutions to revive stalled projects and provide timely possessions to homebuyers. The development at Jaypee Wish Town is poised to have a positive impact on the real estate landscape, fostering confidence in the completion of distressed projects and ensuring the fulfilment of commitments to homebuyers.

The National Company Law Appellate Tribunal (NCLAT) has given its nod to the Suraksha Group, allowing the initiation of construction activities at Jaypee Wish Town. This decision marks a significant step forward in the resolution process, bringing hope to homebuyers and stakeholders associated with the troubled real estate project. The NCLAT's approval for Suraksha Group to start construction is a positive development for Jaypee Wish Town, a project that has faced challenges and delays. The decision reflects the tribunal's commitment to facilitating the completion of stalled real estate projects, aiming to safeguard the interests of homebuyers and revive the real estate sector. As construction activities recommence, this move is expected to inject momentum into the Jaypee Wish Town project, addressing the concerns of homebuyers who have been awaiting the completion of their homes. The NCLAT's decision aligns with the broader efforts to bring resolution and relief to distressed real estate projects across the country. The approval granted by NCLAT signifies a collaborative approach between the judiciary, resolution professionals, and real estate developers, emphasising the importance of finding solutions to revive stalled projects and provide timely possessions to homebuyers. The development at Jaypee Wish Town is poised to have a positive impact on the real estate landscape, fostering confidence in the completion of distressed projects and ensuring the fulfilment of commitments to homebuyers.

Next Story
Building Material

Viva ACP Launches Experience Centre in Nashik

Viva ACP, one of Asia’s leading manufacturers of Metal Composite Panels (MCP), has unveiled a new state-of-the-art Experience Centre in Nashik. Situated at Plot No. 10, Kathe Industrial Estate, Tigrania Road, Dwarka, the centre aims to make Viva’s premium cladding solutions more accessible to architects, developers, and design professionals in Western India. The centre was formally inaugurated by Prakash Jain, Chairman and Managing Director, Viva Composite Panel, along with Nitin Jain and Mayank Jain, Directors at the company. Conceptualised as an interactive and immersive space,..

Next Story
Technology

Hikrobot Launches HDMI Video Micro System in India

India, July 2025: Hikrobot has introduced its HDMI Video Micro System in the Indian market, offering a plug-and-play imaging solution that combines 2K high-definition clarity, real-time streaming, and portability. The system is designed for professionals in sectors such as industrial inspection, medical research, forensic science, education, and precision manufacturing. Unlike traditional imaging setups that require external PCs and complex software, the Hikrobot HDMI Video Micro System provides direct output to an HDMI display, eliminating setup complications and improving usability.&nbs..

Next Story
Real Estate

Stone Wood Hotels Appoints Shishir Kumar Jena as CFO

Stone Wood Hotels & Resorts has announced the appointment of Shishir Kumar Jena as Chief Financial Officer. This key leadership move aligns with the boutique hospitality group’s ongoing national expansion. Shishir Kumar Jena brings over 32 years of experience in hospitality finance, having held senior positions with renowned brands such as Acron, Radisson, and Fortune Inn Exotica. His expertise spans financial strategy, operational efficiency, revenue optimisation, and aligning financial performance with guest satisfaction. Throughout his career, Jena has maintained a consisten..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?