https://www.taxtmi.com/caselaws?id=409521 The Tribunal rejected the creation of a separate sub-class for subvention scheme home buyers but directed the Resolution Professional to consider claims of buyers who submitted cancellation affidavits without refunds. The appointment of an authorized representative for subvention buyers was denied due to the absence of sub-classes. The RP was tasked with addressing claims for cancellation and refunds uniformly among affected buyers. The Tribunal clarified the RP's role as facilitative rather than negotiative, granting relief on specific claims while adhering to the legal framework of the Insolvency and Bankruptcy Code, 2016. en-us Thu, 01 Jul 2021 00:00:00 +0530 Sat, 10 Jul 2021 08:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409521 The Tribunal rejected the creation of a separate sub-class for subvention scheme home buyers but directed the Resolution Professional to consider claims of buyers who submitted cancellation affidavits without refunds. The appointment of an authorized representative for subvention buyers was denied due to the absence of sub-classes. The RP was tasked with addressing claims for cancellation and refunds uniformly among affected buyers. The Tribunal clarified the RP's role as facilitative rather than negotiative, granting relief on specific claims while adhering to the legal framework of the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409521