Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Whether a homebuyer's belated claim can be rejected solely because the resolution plan had already been approved by the CoC was answered in the negative. Relying on binding precedent holding that bona fide allottees who paid substantial consideration cannot be relegated to mere refund claimants contrary to the object of the insolvency framework, the appellate forum held that the claim, as already reflected in the information memorandum prepared by the RP, required substantive treatment in the resolution plan. The rejection order was set aside; the RP was directed to provide claim details to the resolution applicant, who must prepare an addendum for placement before the CoC, and the application was allowed to that extent - NCLAT
Whether a homebuyer's belated claim can be rejected solely because the resolution plan had already been approved by the CoC was answered in the negative. Relying on binding precedent holding that bona fide allottees who paid substantial consideration cannot be relegated to mere refund claimants contrary to the object of the insolvency framework, the appellate forum held that the claim, as already reflected in the information memorandum prepared by the RP, required substantive treatment in the resolution plan. The rejection order was set aside; the RP was directed to provide claim details to the resolution applicant, who must prepare an addendum for placement before the CoC, and the application was allowed to that extent - NCLAT
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