https://www.taxtmi.com/caselaws?id=399038 The Tribunal concluded that the petitioners were entitled to the delivery of the apartment rather than recovering the sale consideration, rendering the petition misconceived. It found the petition non-maintainable as it did not comply with the amendment to Section 7 of the IBC, requiring joint filing by a specified number of allottees. The Corporate Debtor was directed to deliver the apartment upon completion, with the Tribunal noting satisfactory reasons for project delays and emphasizing the availability of alternative dispute resolution mechanisms in the agreements. en-us Tue, 16 Jun 2020 00:00:00 +0530 Thu, 01 Oct 2020 11:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399038 The Tribunal concluded that the petitioners were entitled to the delivery of the apartment rather than recovering the sale consideration, rendering the petition misconceived. It found the petition non-maintainable as it did not comply with the amendment to Section 7 of the IBC, requiring joint filing by a specified number of allottees. The Corporate Debtor was directed to deliver the apartment upon completion, with the Tribunal noting satisfactory reasons for project delays and emphasizing the availability of alternative dispute resolution mechanisms in the agreements. Case-Laws Insolvency and Bankruptcy Tue, 16 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399038