We Booked a Flat in the year 2009 in Jaypee Wishtown , Jaypee Kosmos. The project was about to be delivered in 2012..Its the year 2016 , still under construction, When repeatedly met with HOD of Jaypee Sector 128 regarding the delivery of the project the says that Jaypee Infrastructures Limited has no funds to build and owners could get posssession in 2016.
Can we take any action against them.