https://www.taxtmi.com/caselaws?id=782572 NCLAT held that a section 7 application filed in Form A, based on default towards 98 homebuyers represented through a registered welfare association, suffered from a defect in authorisation, as the resolution relied upon emanated only from a core committee and not from all financial creditors. However, since Form A showed a clear financial debt and default owed to individual homebuyers, and any person, including a registered society, may be duly authorised to file such application, the defect was curable. NCLAT directed that the applicant association be granted seven days to file individual affidavits of homebuyers, confirming their identity and specific authorisation to the applicant, and disposed of the appeal with such liberty. en-us Wed, 26 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782572 NCLAT held that a section 7 application filed in Form A, based on default towards 98 homebuyers represented through a registered welfare association, suffered from a defect in authorisation, as the resolution relied upon emanated only from a core committee and not from all financial creditors. However, since Form A showed a clear financial debt and default owed to individual homebuyers, and any person, including a registered society, may be duly authorised to file such application, the defect was curable. NCLAT directed that the applicant association be granted seven days to file individual affidavits of homebuyers, confirming their identity and specific authorisation to the applicant, and disposed of the appeal with such liberty. Case-Laws IBC Wed, 26 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782572