https://www.taxtmi.com/caselaws?id=410524 The Tribunal ruled in favor of the applicant in an application under section 60(5) of the Insolvency and Bankruptcy Code, 2016. Despite the Resolution Professional's objections, the Tribunal found merit in the applicant's claim as a genuine homebuyer seeking possession of flats. The resolution plan's provisions safeguarded the applicant's claim, even though it was filed before plan approval, ensuring protection for timely unfiled claims by homebuyers. Consequently, the Tribunal disposed of the application in favor of the applicant based on the resolution plan's assurances and treatment of such claims. en-us Fri, 23 Jul 2021 00:00:00 +0530 Tue, 03 Aug 2021 19:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410524 The Tribunal ruled in favor of the applicant in an application under section 60(5) of the Insolvency and Bankruptcy Code, 2016. Despite the Resolution Professional's objections, the Tribunal found merit in the applicant's claim as a genuine homebuyer seeking possession of flats. The resolution plan's provisions safeguarded the applicant's claim, even though it was filed before plan approval, ensuring protection for timely unfiled claims by homebuyers. Consequently, the Tribunal disposed of the application in favor of the applicant based on the resolution plan's assurances and treatment of such claims. Case-Laws Insolvency and Bankruptcy Fri, 23 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410524