https://www.taxtmi.com/caselaws?id=750612 NCLAT upheld the Adjudicating Authority's rejection of appellant's claim as financial creditor in CIRP proceedings. The appellant had already received possession of units on 24.09.2014 through a possession letter, despite filing under protest. The Resolution Professional correctly rejected the claim since possession was already transferred. However, the Successful Resolution Applicant (Singla Builders and Promoters Limited) undertook to execute conveyance deeds for both units following approval of the resolution plan on 20.11.2023. The appeal was disposed of with direction for deed execution. en-us Fri, 22 Mar 2024 00:00:00 +0530 Sun, 24 Mar 2024 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750612 NCLAT upheld the Adjudicating Authority's rejection of appellant's claim as financial creditor in CIRP proceedings. The appellant had already received possession of units on 24.09.2014 through a possession letter, despite filing under protest. The Resolution Professional correctly rejected the claim since possession was already transferred. However, the Successful Resolution Applicant (Singla Builders and Promoters Limited) undertook to execute conveyance deeds for both units following approval of the resolution plan on 20.11.2023. The appeal was disposed of with direction for deed execution. Case-Laws Insolvency and Bankruptcy Fri, 22 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750612