https://www.taxtmi.com/caselaws?id=762200 A pre-CIRP cancellation of allotments reflected in the corporate debtor's records could not be reversed by the resolution professional, whose role was limited to collation and verification of claims. Where the appellants had already pursued RERA refunds and accepted part payments, their conduct was treated as consistent with cancellation, and the RERA decrees did not displace the insolvency process. The resolution plan validly dealt with cancelled allottees, and the CoC's commercial wisdom in approving differentiated treatment was not interfered with. en-us Mon, 25 Nov 2024 00:00:00 +0530 Wed, 27 Nov 2024 08:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762200 A pre-CIRP cancellation of allotments reflected in the corporate debtor's records could not be reversed by the resolution professional, whose role was limited to collation and verification of claims. Where the appellants had already pursued RERA refunds and accepted part payments, their conduct was treated as consistent with cancellation, and the RERA decrees did not displace the insolvency process. The resolution plan validly dealt with cancelled allottees, and the CoC's commercial wisdom in approving differentiated treatment was not interfered with. Case-Laws IBC Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762200