NCLT-appointed panel flags construction delays and funding gaps at Jaypee Infratech under Suraksha Group

What the panel reported

The NCLT-appointed committee said the Jaypee Infratech project shows significant delays and funding gaps. Its report, dated 20 August 2026, found major differences between the progress Suraksha Group has claimed and what was seen on site. The panel's concerns centre on the pace of construction and on transparency, and they raise doubts about the 2028 completion target.

The committee's mandate came from the tribunal's February 2026 order, which followed homebuyer applications and affidavits about long delays under the resolution plan approved in 2023.

The developer's numbers and the gap

Suraksha Group has said that 84 of the 159 towers at Wish Town are complete and that 42 of them have occupancy certificates. A company official put the completed units at 7,913, with occupancy certificates covering 4,213 flats. Applications for another 28 towers covering 2,385 flats had been submitted, according to that official.

The panel did not accept the picture at face value. It pointed to insufficient labour as the main reason for slow progress and questioned whether the reported use of premium-grade building materials matched what inspectors found on site.

Arithmetic from the reported figures: 84 towers is about 53% of 159, and 42 towers with occupancy certificates is about 26%. These percentages are our calculation from the reported counts, not figures published by the developer or the panel.

Labour, materials and money

The resolution plan required Suraksha Group to keep 12,000 workers on site. The panel found actual presence consistently below that level. Reporting on the same findings also says site inspections noted labour shortages and the replacement of premium steel brands with lower-grade alternatives. These are allegations drawn from the committee's findings as reported by the press, and they have not been tested in a court.

On money, the reports say the ₹3,000 crore facility the plan required was not put in place within the 90-day window. They also allege that funds meant for completion were moved into mutual funds and associate entities. A separate police investigation into alleged misuse of homebuyer funds is also reported as pending.

Who is deciding

The NCLT is the body that approved Suraksha Group's resolution plan and appointed the committee. The Uttar Pradesh government has separately formed a five-member committee to examine construction progress, compliance with approved layouts, and whether buyer money is being used for construction. It includes officials from the planning and finance departments of the Noida and Yamuna authorities.

Suraksha Group has said that it is progressing with the project according to the approved resolution plan. The company has not, in the sources reviewed, accepted the panel's specific findings.

What it changes for buyers

For homebuyers, the gap between completed towers and towers with occupancy certificates matters most. Buyers can move in only once an occupancy certificate is issued, so the 42 certified towers are the figure that matters for possession. Buyers have also reported non-functional lifts, incomplete fire-safety systems, and unfinished water, sewage, roads and clubhouses in some towers.

Nothing in the reporting reviewed says the resolution plan has been cancelled or that the 2028 target has been formally revised by a court or regulator.

What is next

Three processes are open. First, the NCLT committee's report is before the tribunal, which will decide what follows. Second, the Uttar Pradesh committee was expected to report within about a month of its formation. I did not find its outcome in the sources reviewed. Third, Suraksha Group has to show that its funding and labour commitments are being met.

Buyers should check the status of their own tower against the occupancy certificate records and the latest project notices from Jaypee Infratech.

Context: where City of the Ganges fits

Suraksha Group has also outlined three townships across 465 acres: City of the Ganges, Enterprise City and Yamuna Smart City. The August 2026 committee report and the Wish Town dispute do not cover City of the Ganges. This article therefore makes no claim about that township's status.