https://www.taxtmi.com/caselaws?id=405815 The Adjudicating Authority directed payment to dissenting financial creditor ICICI Bank in cash over twelve monthly instalments with accruing interest. YEIDA was allowed to collect acquisition costs through SPVs as per the Concession Agreement terms. Provisions were made to clear fixed deposit holders' dues, even for unclaimed holders. Objections by some homebuyers were dismissed, distinguishing them from financial creditors. YES Bank's objections were settled through a Committee with NBCC. Agreement holders could cancel invalid agreements and seek remedies. General reliefs and concessions were addressed, with some granted and others declined. NCLAT issued an interim arrangement for implementing the resolution plan pending appeal outcome, forming an Interim Monitoring Committee. en-us Wed, 24 Mar 2021 00:00:00 +0530 Wed, 13 Jul 2022 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405815 The Adjudicating Authority directed payment to dissenting financial creditor ICICI Bank in cash over twelve monthly instalments with accruing interest. YEIDA was allowed to collect acquisition costs through SPVs as per the Concession Agreement terms. Provisions were made to clear fixed deposit holders' dues, even for unclaimed holders. Objections by some homebuyers were dismissed, distinguishing them from financial creditors. YES Bank's objections were settled through a Committee with NBCC. Agreement holders could cancel invalid agreements and seek remedies. General reliefs and concessions were addressed, with some granted and others declined. NCLAT issued an interim arrangement for implementing the resolution plan pending appeal outcome, forming an Interim Monitoring Committee. Case-Laws Insolvency and Bankruptcy Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405815