https://www.taxtmi.com/caselaws?id=763375 Where insolvency claims from allottees of multiple projects form part of the record, the CIRP cannot be confined to one project merely because that project triggered the original Section 7 petition. Claims by allottees of other completed or separately certified projects remain subject to the statutory claim verification process once CIRP commences, and their exclusion is not justified solely by the existence of occupation or completion certificates. Any challenge to admission of a particular claim must be pursued within the insolvency framework. The request to restrict the process to the Spaze Arrow project was therefore rejected. en-us Tue, 17 Dec 2024 00:00:00 +0530 Thu, 19 Dec 2024 08:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763375 Where insolvency claims from allottees of multiple projects form part of the record, the CIRP cannot be confined to one project merely because that project triggered the original Section 7 petition. Claims by allottees of other completed or separately certified projects remain subject to the statutory claim verification process once CIRP commences, and their exclusion is not justified solely by the existence of occupation or completion certificates. Any challenge to admission of a particular claim must be pursued within the insolvency framework. The request to restrict the process to the Spaze Arrow project was therefore rejected. Case-Laws IBC Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763375