https://www.taxtmi.com/caselaws?id=432363 The tribunal upheld the enforcement of the arbitral award in favor of Kalpataru Properties Pvt. Ltd., allowing the Corporate Debtor to sell the subject property. Indiabulls Housing Finance Ltd. was permitted to withdraw its appeal upon depositing the required amount. SREI Equipment Finance Ltd.'s intervention application was rejected as they did not file a separate appeal against the NCLT's order. The tribunal emphasized the adherence to IBC timelines and the principle that interveners must file independent appeals to claim relief. en-us Tue, 03 Jan 2023 00:00:00 +0530 Wed, 04 Jan 2023 08:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432363 The tribunal upheld the enforcement of the arbitral award in favor of Kalpataru Properties Pvt. Ltd., allowing the Corporate Debtor to sell the subject property. Indiabulls Housing Finance Ltd. was permitted to withdraw its appeal upon depositing the required amount. SREI Equipment Finance Ltd.'s intervention application was rejected as they did not file a separate appeal against the NCLT's order. The tribunal emphasized the adherence to IBC timelines and the principle that interveners must file independent appeals to claim relief. Case-Laws Insolvency and Bankruptcy Tue, 03 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432363