https://www.taxtmi.com/caselaws?id=797987 Homebuyers' associations cannot independently intervene in an ongoing corporate liquidation as creditors to challenge a liquidator's proposed asset sale. Amended Section 21(11), applicable where no dissolution application has been filed, permits the committee of creditors to supervise the liquidator's conduct. Individual association members who qualify as stakeholders may independently seek intervention before the adjudicating authority under that framework. Consequently, intervention by the association is not maintainable, but member-stakeholders may file a fresh application before the NCLT. en-us Thu, 16 Jul 2026 00:00:00 +0530 Tue, 01 Sep 2026 08:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797987 Homebuyers' associations cannot independently intervene in an ongoing corporate liquidation as creditors to challenge a liquidator's proposed asset sale. Amended Section 21(11), applicable where no dissolution application has been filed, permits the committee of creditors to supervise the liquidator's conduct. Individual association members who qualify as stakeholders may independently seek intervention before the adjudicating authority under that framework. Consequently, intervention by the association is not maintainable, but member-stakeholders may file a fresh application before the NCLT. Case-Laws IBC Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797987