2026 (2) TMI 1164

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....s)<br>Dated:- 23-2-2026<br>Company Appeal (AT) (Insolvency) No. 335 of 2025 and Company Appeal (AT) (Insolvency) No. 971 of 2025 - -<br>Insolvency & Bankruptcy<br>JUSTICE ASHOK BHUSHAN CHAIRPERSON AND BARUN MITRA MEMBER (TECHNICAL) For the Appellants Mr. Kaustubh Prakash, Ms. Aastha Mishra, Advocates. For the Respondents Mr. Abhijeet Sinha, Sr. Advocate with Mr. Saurabh Jain, Mr. Prayag Jain....

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....orders, these Appeals have been filed. 2. In Company Appeal (AT) (Insolvency) No. 971 of 2025, the Appellant has challenged the order by which the Adjudicating Authority has approved the Resolution Plan submitted by Successful Resolution Applicant (SRA) who is Respondent No.3 herein. 3. We have heard Counsel for the Appellant as well as Counsel for the SRA. We had issued notice to the NOIDA ....

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....ccessful Resolution Applicant submits that the issue between the parties is only with regard to registration of the Sale Deed and the Appellant has to withdraw complaint cases filed under Section 138 of the Negotiable Instruction Act which are pending. Counsel for the Respondent submits that the Appeal be taken after a week. In the meantime, both the parties shall endeavor to complete their obliga....

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....o be undertaken strictly on a pro-rata basis, commensurate with the payments received from the SRA. In paragraphs 6 and 7 of the reply, following has been pleaded:- "6. At the outset, it is respectfully submitted that the process of execution of conveyance/registry in favour of the allottees/beneficiaries is proposed to be undertaken strictly on a pro-rata basis, commensurate with the pay....