Joint Application Upheld Under Insolvency Code for Real Estate Project Dispute.

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....Initiation of CIRP - Maintainability of joint application u/s 7 - The three appellants being part of one Common Real Estate Project and the Applicants of Section 7 Application being part of the said project they had every right to initiate Section 7 Application against all the three appellants together - the decision of the Adjudicating Authority upheld holding that application under Section 7 is maintainable. - AT....