https://www.taxtmi.com/highlights?id=78507 NCLAT dismissed an appeal u/s approval of Resolution Plan by dissenting Financial Creditors objecting to Homebuyers receiving flats without price escalation. Held that Homebuyers, with fixed consideration, can receive units as agreed. No violation of Section 30(2) found, as Homebuyers were treated differently but not discriminated against. Dissenting Financial Creditors entitled to payment u/s 30(2)(b)(ii). They cannot claim payment based on security interest. Appeal dismissed. en-us Sat, 15 Jun 2024 18:40:15 +0530 Sat, 15 Jun 2024 18:40:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78507 NCLAT dismissed an appeal u/s approval of Resolution Plan by dissenting Financial Creditors objecting to Homebuyers receiving flats without price escalation. Held that Homebuyers, with fixed consideration, can receive units as agreed. No violation of Section 30(2) found, as Homebuyers were treated differently but not discriminated against. Dissenting Financial Creditors entitled to payment u/s 30(2)(b)(ii). They cannot claim payment based on security interest. Appeal dismissed. Highlights Insolvency and Bankruptcy Sat, 15 Jun 2024 18:40:15 +0530 https://www.taxtmi.com/highlights?id=78507