2024 (2) TMI 974

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....3 & I. A. No. 5895, 5896 of 2023 - -<br>Insolvency & Bankruptcy<br>[ Justice Ashok Bhushan ] Chairperson And [ Barun Mitra ] Member ( Technical ) For the Appellant : Mr. Aditya Nayyar , Advocate For the Respondents : Mr. Abhishek Anand and Ms. Jasleen Singh Sandha , Advocates for RP ORDER ( Hybrid Mode ) I.A. No. 5896 of 2023: This is an application praying for condonation of 13 ....

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....consider the valuation reports dated 21.12.2022 given by Mr. Anil Kumar Saxena and Ms. Aditi Aggarwal; or in the alternative; b) Appoint a fresh valuer to ascertain a fair value and liquidation value of the assets of Group Housing Society Known as IRIDIA in the matter of M/s Horizon Buildcon Pvt. Ltd.; c) Pass any other or further orders/directions as this Hon'ble Tribunal may de....

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....s, hence, the application was fully maintainable. 5. We are of the view that the said observation made by the Adjudicating Authority that application is not filed by Authorised person is not correct and we proceed on the assumption that Appellant were authorised representative of the homebuyers in the present case. 6. The Resolution Professional in the CIRP proceedings, appointed two valuers....

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....y of the Resolution Professional who was Chairman of the CoC was also noticed in the meeting of the CoC. 8. Learned counsel for the Appellant submits that valuation is at higher side which shall affect the homebuyers. Valuation has been obtained as per Regulations and Resolution Plan has been already approved, we, thus, are of the view that the Adjudicating Authority did not commit any error in....