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string(2326) "Do you realize how impotent and impractical your suggestions sound?
Protests act as catalyst in speeding up justice in India.
A protest covered by media gets attention of good lawyers who become willing to accept the case. Politicians take notice, social media simmers...Judges become aware.
A case can go over for years....and no one wants to wait another 10 years for justice or a home.
Jaypee protesters have got everything going for them. If this protest goes well, this would change the entire landscape of RE.
[QUOTE=Bharatiya;1469812]This is my recommendation. I have seen these protests against JP. I think these are useless. Even if you take your protest to JP Hospital or JP expressway, that won't produce any result.
Venting anger through protests won't get you your home. Though media attention does put pressure on JP. But again, it won't get you your home. JP's finances are very bad and no way it can finish WT. Massive delays are the obvious results.
JP buyers need to build a common WT association. Gather as much buyers of all delayed projects in WT and file a petition in SC. I think 1000s of buyers are at stake and many are senior citizens. SC will provide priority hearing. Everybody knows about JP's finances. Ask SC to appoint an arbitrar to evaluate all liquid assets of JP for Disposal. That means cash (if there is any), unencumbered land (in and around WT and expressway), whole Expressway itself. What needs to be done is liquidation of JPs assets and that money should be used for completion of all delayed projects in WT. And this should be done under supervision of Arbitrar appointed by SC.
India's Bankruptcy law is also ready. I haven't read the bill. But JP needs to be asset stripped and reorganized using appropriate provisions. That's the only solution for WT.
Otherwise, if you think 5 years delay is too much? Those towers may well delayed for 10 years - 15 years - indefinitely. Only hope is through SC and buyers should take that chance. Don't believe in deadlines given by Builder. Tareek pe Tareek. Tareek pe Tareek. This won't solve anything.
Big challenge would be organizing and gathering buyers of delayed projects in WT. But Even if you could make association of 1000 home buyers, you have a good chance in SC. There is no other hope.[/QUOTE]"
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Protests act as catalyst in speeding up justice in India.
A protest covered by media gets attention of good lawyers who become willing to accept the case. Politicians take notice, social media simmers...Judges become aware.
A case can go over for years....and no one wants to wait another 10 years for justice or a home.
Jaypee protesters have got everything going for them. If this protest goes well, this would change the entire landscape of RE.
Originally posted by Bharatiya
View Post
This is my recommendation. I have seen these protests against JP. I think these are useless. Even if you take your protest to JP Hospital or JP expressway, that won't produce any result.
Venting anger through protests won't get you your home. Though media attention does put pressure on JP. But again, it won't get you your home. JP's finances are very bad and no way it can finish WT. Massive delays are the obvious results.
JP buyers need to build a common WT association. Gather as much buyers of all delayed projects in WT and file a petition in SC. I think 1000s of buyers are at stake and many are senior citizens. SC will provide priority hearing. Everybody knows about JP's finances. Ask SC to appoint an arbitrar to evaluate all liquid assets of JP for Disposal. That means cash (if there is any), unencumbered land (in and around WT and expressway), whole Expressway itself. What needs to be done is liquidation of JPs assets and that money should be used for completion of all delayed projects in WT. And this should be done under supervision of Arbitrar appointed by SC.
India's Bankruptcy law is also ready. I haven't read the bill. But JP needs to be asset stripped and reorganized using appropriate provisions. That's the only solution for WT.
Otherwise, if you think 5 years delay is too much? Those towers may well delayed for 10 years - 15 years - indefinitely. Only hope is through SC and buyers should take that chance. Don't believe in deadlines given by Builder. Tareek pe Tareek. Tareek pe Tareek. This won't solve anything.
Big challenge would be organizing and gathering buyers of delayed projects in WT. But Even if you could make association of 1000 home buyers, you have a good chance in SC. There is no other hope.
Venting anger through protests won't get you your home. Though media attention does put pressure on JP. But again, it won't get you your home. JP's finances are very bad and no way it can finish WT. Massive delays are the obvious results.
JP buyers need to build a common WT association. Gather as much buyers of all delayed projects in WT and file a petition in SC. I think 1000s of buyers are at stake and many are senior citizens. SC will provide priority hearing. Everybody knows about JP's finances. Ask SC to appoint an arbitrar to evaluate all liquid assets of JP for Disposal. That means cash (if there is any), unencumbered land (in and around WT and expressway), whole Expressway itself. What needs to be done is liquidation of JPs assets and that money should be used for completion of all delayed projects in WT. And this should be done under supervision of Arbitrar appointed by SC.
India's Bankruptcy law is also ready. I haven't read the bill. But JP needs to be asset stripped and reorganized using appropriate provisions. That's the only solution for WT.
Otherwise, if you think 5 years delay is too much? Those towers may well delayed for 10 years - 15 years - indefinitely. Only hope is through SC and buyers should take that chance. Don't believe in deadlines given by Builder. Tareek pe Tareek. Tareek pe Tareek. This won't solve anything.
Big challenge would be organizing and gathering buyers of delayed projects in WT. But Even if you could make association of 1000 home buyers, you have a good chance in SC. There is no other hope.
- and considering it has only been 2 years since I made this estimate, it was quite a bit off. 
Comment