https://www.taxtmi.com/caselaws?id=791314 A promoter's revised settlement proposal for Project Estella was rejected because CIRP was ongoing, a resolution plan had already been approved by the CoC, and stakeholders opposed the proposal; the alleged support of an outside developer was found non-binding and financially uncertain. For Project NCR Greens, the promoter was permitted to complete the substantially finished project and hand over the balance units within six months, because prior undertakings, partial possession already given, and homebuyer interests supported that course, but only subject to approval by the majority of the financial creditors, including the concerned bank. en-us Tue, 05 May 2026 00:00:00 +0530 Sat, 09 May 2026 07:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791314 A promoter's revised settlement proposal for Project Estella was rejected because CIRP was ongoing, a resolution plan had already been approved by the CoC, and stakeholders opposed the proposal; the alleged support of an outside developer was found non-binding and financially uncertain. For Project NCR Greens, the promoter was permitted to complete the substantially finished project and hand over the balance units within six months, because prior undertakings, partial possession already given, and homebuyer interests supported that course, but only subject to approval by the majority of the financial creditors, including the concerned bank. Case-Laws IBC Tue, 05 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791314