#RealtyNewsRoundup: SC Asks Jaiprakash Associates To Pay Rs 600 Cr Instead Of Rs 1,000 Cr
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The Supreme Court (SC) has ordered Jaiprakash Associates Limited to deposit Rs 600 crore instead of Rs 1,000 crore as suggested earlier, to refund the principal amount to the ailing homebuyers who had invested in their residential projects. The apex court has said that only after the company deposits this money will it ask the National Company Law Tribunal (NCLT) at Allahabad to decide on the group’s plea to revive or restructure its beleaguered subsidiary Jaypee Infratech Limited. "This case (of home buyers) can be disposed off if they (JAL) deposit Rs 600 crore for refund of the principal amount. We will ask the NCLT to decide the company petition (of JAL) ," the Bench headed by Chief Justice Dipak Misra said.
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In another hearing here, the SC has sought a response from the states on the violation of fire safety norms by developers. The apex court was hearing a Public Interest Litigation (PIL) that alleges developers flouting fire safety norms specified in the National Building Code, 2016, endangering the lives of people living in their residential societies. According to the PIL filed, nearly 25,000 people die or suffer from fire-related accidents in residential complexes.
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The Department of Town and Country Planning (DTCP) is planning to tighten the noose on those flouting building norms in Gurgaon. The department plans to conduct a sealing drive on those the plots allotted economically-weaker section and who have constructed more than four floors on it. These 60-sq-yard plots were allotted to the EWS in authorised colonies under a government housing scheme. The allottees were allowed to construct four floors on the plot.
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The Ministry of Environment has announced that it would notify the National Clean Air Programme (NCAP) by end of July. Under the programme, multiple strategies will be proposed to combat air pollution. "It (notification of NCAP) should be done soon, say, by the end of this month," Union Environment Secretary C K Mishra was quoted as saying in a PTI report. The objective of the programme is to have a comprehensive plan for prevention, control and abatement of air pollution, and to augment the air quality monitoring network across the country.
Source: Media reports