https://www.taxtmi.com/caselaws?id=779319 NCLAT refused the IRP's request to monetize unsold units in the sole project because the building plan has not been revalidated, creating no visibility that sale proceeds could be applied to completion. NOIDA's response only conditioned sale on payment of its dues and did not address plan revalidation. The tribunal held I.A.4215/2025 cannot be granted at this stage. I.A.7682/2024 was disposed of recording the IRP's statement that no units will be cancelled. en-us Thu, 25 Sep 2025 00:00:00 +0530 Fri, 03 Oct 2025 08:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779319 NCLAT refused the IRP's request to monetize unsold units in the sole project because the building plan has not been revalidated, creating no visibility that sale proceeds could be applied to completion. NOIDA's response only conditioned sale on payment of its dues and did not address plan revalidation. The tribunal held I.A.4215/2025 cannot be granted at this stage. I.A.7682/2024 was disposed of recording the IRP's statement that no units will be cancelled. Case-Laws IBC Thu, 25 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779319