The long-stalled saga of Jaypee Infratech Ltd (JIL) homebuyers has taken a decisive turn, with the Supreme Court (SC) offering a final window for refunds. In an order dated November 3, the apex court directed Suraksha Realty Limited — the current management of JIL — to inform homebuyers that they must submit refund or settlement claims by December 5, 2025. After this deadline, no further opportunity will be granted.
Supreme Court’s Order: A Last Chance for Homebuyers
The SC’s directive comes after around two dozen homebuyers filed appeals, seeking another chance to claim refunds that they had missed earlier. A bench of Justice Sanjay Kumar and Justice Alok Aradhe ruled that this extension should be treated as the final opportunity.
The order explicitly states that Suraksha Realty must issue a public announcement highlighting the cut-off date and detailed procedures for filing claims. The bench made it clear that no additional extension will be granted and urged homebuyers to act promptly.
“We allow all homebuyers who have not yet raised their claims for refund or allotment of flat to put forth their cases before Suraksha Realty Limited latest by December 5, 2025,” the order noted.
The next hearing in the matter has been scheduled for January 16, 2026.
Suraksha Realty Issues Public Notice
Following the SC directive, Suraksha Realty Limited published a public notice in leading national newspapers on Thursday, calling upon Jaypee homebuyers to file their claims within the given timeline.
“Refunding the money is a continuous process. As per the SC order dated November 3, we have again issued a public notice informing homebuyers of the additional time in filing their claims,” stated Abhijit Gohil, CEO of Suraksha Realty Limited.
Background: Suraksha’s Takeover of Jaypee Infratech
Suraksha Realty officially took over the debt-laden Jaypee Infratech Ltd in March 2023, following a lengthy insolvency process initiated in August 2017 by an IDBI Bank-led consortium under the Corporate Insolvency Resolution Process (CIRP).
The National Company Law Tribunal (NCLT) approved Suraksha’s resolution plan in March 2023, followed by the National Company Law Appellate Tribunal (NCLAT) upholding the decision in May 2024. Suraksha subsequently assumed control of JIL’s operations and is currently responsible for constructing nearly 17,000 apartments, expected to be delivered within the next three years.
Homebuyers Voice Concerns Over “Misleading” Notice
However, not all homebuyers are satisfied with the recent developments. Many claim that Suraksha’s public notice primarily highlights refund claims but fails to clearly mention the process for flat allotment.
According to Ashish Mohan Gupta, President of the JIL Real Estate Allottees Welfare Society, “The announcement primarily invites claims from homebuyers seeking refunds. While it does mention that those who haven’t yet submitted claims for flat allotment can also do so, the wording is vague and risks confusing homebuyers.”
He further criticized the developer, alleging that instead of focusing on timely construction and quality delivery, Suraksha is engaging in “diversionary tactics” that delay justice for buyers.
Suraksha Realty’s Clarification on Allotments
Addressing the confusion, Abhijit Gohil clarified that allotments cannot be restored for those who failed to file claims earlier.
“As per our resolution plan and court directives, Suraksha agreed to process refunds. There has never been a directive to re-allot flats to homebuyers who did not file claims earlier. Our legal team will seek further clarification from the Supreme Court on this issue,” Gohil stated.
What This Means for Homebuyers
This Supreme Court order marks the final opportunity for Jaypee homebuyers — especially those who missed earlier deadlines — to recover their funds. With no further extensions possible, it’s imperative for all affected homebuyers to file their refund or settlement claims before December 5, 2025, directly with Suraksha Realty Limited.
Failure to act within this window may permanently forfeit their chance to receive a refund or any form of settlement.
The long-stalled saga of Jaypee Infratech Ltd (JIL) homebuyers has taken a decisive turn, with the Supreme Court (SC) offering a final window for refunds. In an order dated November 3, the apex court directed Suraksha Realty Limited — the current management of JIL — to inform homebuyers that they must submit refund or settlement claims by December 5, 2025. After this deadline, no further opportunity will be granted.
Supreme Court’s Order: A Last Chance for Homebuyers
The SC’s directive comes after around two dozen homebuyers filed appeals, seeking another chance to claim refunds that they had missed earlier. A bench of Justice Sanjay Kumar and Justice Alok Aradhe ruled that this extension should be treated as the final opportunity.
The order explicitly states that Suraksha Realty must issue a public announcement highlighting the cut-off date and detailed procedures for filing claims. The bench made it clear that no additional extension will be granted and urged homebuyers to act promptly.
“We allow all homebuyers who have not yet raised their claims for refund or allotment of flat to put forth their cases before Suraksha Realty Limited latest by December 5, 2025,” the order noted.
The next hearing in the matter has been scheduled for January 16, 2026.
Suraksha Realty Issues Public Notice
Following the SC directive, Suraksha Realty Limited published a public notice in leading national newspapers on Thursday, calling upon Jaypee homebuyers to file their claims within the given timeline.
“Refunding the money is a continuous process. As per the SC order dated November 3, we have again issued a public notice informing homebuyers of the additional time in filing their claims,” stated Abhijit Gohil, CEO of Suraksha Realty Limited.
Background: Suraksha’s Takeover of Jaypee Infratech
Suraksha Realty officially took over the debt-laden Jaypee Infratech Ltd in March 2023, following a lengthy insolvency process initiated in August 2017 by an IDBI Bank-led consortium under the Corporate Insolvency Resolution Process (CIRP).
The National Company Law Tribunal (NCLT) approved Suraksha’s resolution plan in March 2023, followed by the National Company Law Appellate Tribunal (NCLAT) upholding the decision in May 2024. Suraksha subsequently assumed control of JIL’s operations and is currently responsible for constructing nearly 17,000 apartments, expected to be delivered within the next three years.
Homebuyers Voice Concerns Over “Misleading” Notice
However, not all homebuyers are satisfied with the recent developments. Many claim that Suraksha’s public notice primarily highlights refund claims but fails to clearly mention the process for flat allotment.
According to Ashish Mohan Gupta, President of the JIL Real Estate Allottees Welfare Society, “The announcement primarily invites claims from homebuyers seeking refunds. While it does mention that those who haven’t yet submitted claims for flat allotment can also do so, the wording is vague and risks confusing homebuyers.”
He further criticized the developer, alleging that instead of focusing on timely construction and quality delivery, Suraksha is engaging in “diversionary tactics” that delay justice for buyers.
Suraksha Realty’s Clarification on Allotments
Addressing the confusion, Abhijit Gohil clarified that allotments cannot be restored for those who failed to file claims earlier.
“As per our resolution plan and court directives, Suraksha agreed to process refunds. There has never been a directive to re-allot flats to homebuyers who did not file claims earlier. Our legal team will seek further clarification from the Supreme Court on this issue,” Gohil stated.
What This Means for Homebuyers
This Supreme Court order marks the final opportunity for Jaypee homebuyers — especially those who missed earlier deadlines — to recover their funds. With no further extensions possible, it’s imperative for all affected homebuyers to file their refund or settlement claims before December 5, 2025, directly with Suraksha Realty Limited.
Failure to act within this window may permanently forfeit their chance to receive a refund or any form of settlement.
