Defaulting real estate company JP Associates had the Supreme Court tell its directors to deposit Rs 125 crore, failing which it would be held in contempt of court and company representatives could "land in Tihar Jail".

The Rs. 125 crore  is part of the Rs 2,000 crore that the top court had directed Jaypee Associates to deposit with its registry to pay the home buyers of Jaypee Infratech. The company had failed to provide around 32,000 flats that it had collected money for from customers. Jaypee has deposited Rs 425 crore with the apex court registry so far.

The Supreme Court has also maintained a ban on sale of assets or a stake in Jaiprakash Associates, saying it would hear RBI's plea to continue with insolvency proceedings at a later date. While customers are looking for their money back in court, banks with outstanding loans due from JP Associates are also waiting for bankruptcy proceedings to start.