https://www.taxtmi.com/caselaws?id=779054 NCLAT held that the appellant's Form CA claim as a secured homebuyer failed because the arbitral award's injunction restraining allotment did not create a "security interest" under the IBC; the arbitrator did not assess whether the underlying agreement created such an interest. No RERA decree established allottee status. The CoC's initial notation of security interest was found unproven and later recorded as nil, and homebuyers were treated as unsecured creditors. The Adjudicating Authority correctly classified the appellant as an unsecured financial creditor. Appeal dismissed. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 27 Sep 2025 08:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779054 NCLAT held that the appellant's Form CA claim as a secured homebuyer failed because the arbitral award's injunction restraining allotment did not create a "security interest" under the IBC; the arbitrator did not assess whether the underlying agreement created such an interest. No RERA decree established allottee status. The CoC's initial notation of security interest was found unproven and later recorded as nil, and homebuyers were treated as unsecured creditors. The Adjudicating Authority correctly classified the appellant as an unsecured financial creditor. Appeal dismissed. Case-Laws IBC Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779054