Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
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Insolvency and BankruptcyFebruary 12, 2024Case LawsAT
Filing of new claim after Resolution Plan is approved - The NCLAT rejected the appeal by holding that, No claim having been filed till the approval of the Resolution Plan, no relief can be granted to the Appellants in the present Appeal. The impugned order passed by the Adjudicating Authority has already been upheld. - Despite dismissing the appeal, the Tribunal observes that the Appellants can approach the Successful Resolution Applicant with details of payments made to the Corporate Debtor.
Filing of new claim after Resolution Plan is approved - The NCLAT rejected the appeal by holding that, No claim having been filed till the approval of the Resolution Plan, no relief can be granted to the Appellants in the present Appeal. The impugned order passed by the Adjudicating Authority has already been upheld. - Despite dismissing the appeal, the Tribunal observes that the Appellants can approach the Successful Resolution Applicant with details of payments made to the Corporate Debtor.
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