NEW DELHI: The National Company Law Tribunal (NCLT) in Delhi has mandated the establishment of an independent expert committee to address the complaints of allottees involved in Jaypee Infratech projects, now under Suraksha Realty’s development.
This ruling was issued on February 12, 2026.
In a submission by advocates Ashwarya Sinha and Aditya Malhotra representing homebuyers, concerns were raised about excessive delays, unclear construction schedules, and unfair financial demands on buyers.
The approved resolution plan included an independent monitoring committee (IMC), which was subsequently disbanded in May 2024 without notifying stakeholders.
Following a review of all arguments, the court decreed that an independent committee of experts must be appointed to protect the allottee’s interests and ensure their grievances are adequately resolved.
“…we have decided to appoint former NCLT members P.K. Mohanty and Dr. Deepti Mukesh to evaluate the construction progress relating to the approved resolution plan from March 7, 2023, and produce a comprehensive report on any existing grievances. Each member will receive a monthly honorarium of ₹2,50,000 until further orders,” announced the bench.
The two-member expert committee will investigate issues relevant to homebuyers, including the status of construction and the possession and handover of flats and units.
“The formation of a specialized expert committee to assess and resolve homebuyer grievances is anticipated to facilitate timely resolutions and closer oversight of Suraksha Realty’s actions moving forward,” remarked Sinha.
The case is scheduled for further review on April 1, 2026.
