new delhi homebuyers in jaypee infratech projects except for a few towers in its aman project will have to fill up forms to register their claims for the corporate insolvency resolution process against the company also read how japypee homebuyers can fill claim form in a meeting on monday between jaypee infratech md manoj gaur the insolvency resolution professional irp anuj jain officials from the corporate affairs ministry and homebuyers it was decided that around 1000 homebuyers in jaypee aman project on noidagreater noida expressway have been exempted from filing up the forms informed bidhayak rakshit a buyer in the jaypee aman project the decision was taken considering five towers in jaypee aman project have received the completion certificates and are in advanced stages of registration he said it was reported in some sections of the media on monday that all the homebuyers will be exempted from filing claims devendra yadav a member representing 10 association of jaypee infratechs wish town projects comprising over 2500 homebuyers also confirmed that they are still filling up the forms the move was limited to jaypee aman project we have not received any formal communication about not filling up the forms he said yadav also advised homebuyers that its important for them to fill up form c to register their claims as financial creditors who will get the highest priority in case of liquidation of assets the allahabad bench of the national company law tribunal nclt on august 9 classified jaypee infratech as insolvent on the petition filed by idbi bank under section 7 of insolvency and bankruptcy code 2016 according to the order jaypee infratech has defaulted on rs 52611crore loan outstanding to idbi bank the latest move by nclt against jaypee infratech has left around 32000 homebuyers in the lurch nclt has now appointed jain as the irp to carry out the proceedings under the insolvency and bankruptcy code while the board of directors of the company will remain suspended in an faq released last thursday jain requested homebuyers to at least submit the form by august 24 while the supporting documents can be provided subsequently but before a resolution plan is filed before the committee of creditors coc for approval irp also clarified that the august 24 deadline for submitting of claims by homebuyers will not be extended a total of 27 projects in three noida land parcels of jaypee infratech will come under the purview of cirp according to another faq released last friday irp will get 270 days to turn around the companys finances and see if a resolution of the companys debt is possible in case this is not possible the companys asset will be liquidated industry body assocham recently has urged the government nclt and the insolvency and bankruptcy board of india ibbi to treat homebuyers in realty projects at par with banks in real estate projects it has also requested that if need be the government should look at issuing a presidential ordinance to amend the