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TL;DR: NCLT Delhi appointed a two-member expert committee to probe Jaypee Infratech delays under Suraksha Realty and report on construction and grievances.
Homebuyers should secure documents, prepare evidence and follow the committee’s findings; next listing is April 1, 2026.
NCLT orders independent committee to address Jaypee Infratech allottees’ grievances
On February 12, 2026, the National Company Law Tribunal (NCLT), Delhi, ordered the appointment of an independent two-member expert committee to examine and address the long-standing grievances of allottees of Jaypee Infratech projects, which are now under development by Suraksha Realty. The move follows petitions by affected homebuyers highlighting inordinate delays, unclear timelines and alleged arbitrary financial demands.
Committee composition and mandate
The bench appointed former NCLT members P.K. Mohanty and Dr. Deepti Mukesh to undertake a comprehensive assessment of project progress in relation to the approved resolution plan dated 07.03.2023. The court directed that each member will receive an honorarium of ₹2,50,000 per month until further orders. The committee will report on construction status, outstanding grievances, possession timelines and any deviations from the resolution plan.
Scope of the review
- Assess construction progress against the approved resolution plan and timelines.
- Verify possession readiness and handover schedules for flats/units.
- Investigate claims of arbitrary or compounding interest and other disputed financial demands on allottees.
- Recommend steps for redressal and closer monitoring of developer conduct going forward.
The petitioners noted that an Independent Monitoring Committee (IMC), contemplated under the resolution plan, was dissolved in May 2024 without prior notice to stakeholders. The dissolution and the absence of an effective monitoring mechanism were central to the applicants’ plea for direct judicial oversight.
Immediate implications for homebuyers
For allottees, the NCLT’s order creates a formal channel for review and redressal. The committee’s findings can drive corrective actions, timelines for completion and clarity on disputed charges. Homebuyers should:
- Organize and preserve all documentation: allotment letters, payment receipts, communication with the developer, and copies of the approved resolution plan.
- Prepare clear summaries of grievances with dates and supporting evidence to submit to the committee or legal counsel.
- Monitor case listings closely; the matter is next listed for further consideration on April 1, 2026.
Advice for NRIs and other investors
Non-resident Indians and other remote investors should treat this development as a reminder to carry out rigorous checks before and during property investments. Start with legal due diligence for NRI property buyers in India to verify title, approvals and developer commitments. For ongoing market intelligence tailored to overseas Indians, consult resources like NRI real estate insights with NRI Realty Edge.
Broader investment perspective
While the committee aims to secure timely redressal for Jaypee allottees, this episode underscores the importance of risk management in property portfolios. For those evaluating long-term exposure to Indian real estate, consider strategies to future-proof your wealth in Indian real estate (2026), including diversification, legal safeguards and active monitoring of project milestones.
What to watch next
The expert committee’s interim and final reports will be critical: they will document construction shortfalls (if any), financial irregularities and recommended remedial actions. Allottees, legal representatives and creditors should prepare to engage with the committee’s process and the NCLT hearing on April 1, 2026, to ensure timely implementation of any corrective measures.
Bottom line
The NCLT’s appointment of an independent two-member committee marks a concrete step toward addressing prolonged delays and disputed charges in Jaypee Infratech projects under Suraksha Realty. Homebuyers should secure records, follow the committee’s findings closely and use available legal and advisory resources to protect their interests.
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