Appeal allowed: conveyance and possession of Apartment GBD-00-001 directed to appellants, CIRP recognition prevails over Clause 18.4(xi)
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....The SC allowed the appeal, set aside the NCLAT and NCLT orders, and directed the respondent to execute the conveyance deed and deliver possession of Apartment No. GBD-00-001, Block D, IREO Rise (Gardenia), Mohali to the appellants within two months. The court held the appellants' claim-verified by the resolution professional and incorporated in the published list of creditors prior to plan approval-had full legal recognition under the CIRP and could not lawfully be treated as belated or reduced to a mere refund claim under Clause 18.4(xi). The SC found the lower tribunals misapplied the approved resolution plan and prejudicially relegated bona fide allottees.....