https://www.taxtmi.com/caselaws?id=781981 The NCLAT dismissed both appeals filed by the appellant-allottee seeking recognition as a secured financial creditor. It reaffirmed the earlier NCLT order holding that the appellant is not a secured financial creditor, clarifying that the appellant may at best be treated as an unsecured financial creditor and rejecting the argument that the loan agreement constituted an allotment as a homebuyer. The NCLAT further held that the subsequent application filed after approval of the resolution plan was not maintainable, as the resolution plan had already been upheld and could not be reopened. No costs were awarded. en-us Fri, 19 Sep 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781981 The NCLAT dismissed both appeals filed by the appellant-allottee seeking recognition as a secured financial creditor. It reaffirmed the earlier NCLT order holding that the appellant is not a secured financial creditor, clarifying that the appellant may at best be treated as an unsecured financial creditor and rejecting the argument that the loan agreement constituted an allotment as a homebuyer. The NCLAT further held that the subsequent application filed after approval of the resolution plan was not maintainable, as the resolution plan had already been upheld and could not be reopened. No costs were awarded. Case-Laws IBC Fri, 19 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781981