https://www.taxtmi.com/caselaws?id=754023 NCLAT dismissed appeal by two dissenting Financial Creditors challenging a Resolution Plan. The Tribunal held that homebuyers who already paid consideration for allotted flats were entitled to receive units without price escalation under the approved plan. The court found no discrimination in treating homebuyers as separate category and no violation of Section 30(2). Dissenting Financial Creditors were entitled to payment per Section 30(2)(b)(ii) provisions but could not claim payment based on security interest in Corporate Debtor's assets. en-us Mon, 27 May 2024 00:00:00 +0530 Sat, 15 Jun 2024 08:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754023 NCLAT dismissed appeal by two dissenting Financial Creditors challenging a Resolution Plan. The Tribunal held that homebuyers who already paid consideration for allotted flats were entitled to receive units without price escalation under the approved plan. The court found no discrimination in treating homebuyers as separate category and no violation of Section 30(2). Dissenting Financial Creditors were entitled to payment per Section 30(2)(b)(ii) provisions but could not claim payment based on security interest in Corporate Debtor's assets. Case-Laws Insolvency and Bankruptcy Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754023