Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
NCLAT allowed the appeal and set aside the AA's order rejecting belated home-buyer claims. It held that the RP's affidavit and the Corporate Debtor's records, including the Information Memorandum, evidenced valid allotments and payments by the unit-holders, which the RA and CoC were obliged to consider despite filing delays and prior CoC approval of a plan. The Tribunal found the claims verifiable on the record and required them to be treated in the resolution plan; accordingly the AA's rejection could not be sustained. The matter is remitted for consideration of the said claims in accordance with the RP's submissions and applicable insolvency law.
Note: It is a system-generated summary and is for quick reference only.