The case involves three appeals filed against the order dated 14.05.2024 passed by the Adjudicating Authority (National Company Law Tribunal, Chandigarh Bench, Court II) approving the resolution plan submitted by M/s. Max Heights Infrastructure Limited, the Successful Resolution Applicant (SRA). The appellants, unsecured financial creditors of the corporate debtor, Suman Vilas Private Ltd., are aggrieved by the approval of the resolution plan and have come up in these appeals. The CIRP was initiated based on a Section 7 application filed by allottees of a housing project launched by the corporate debtor, commencing on 08.04.2022. Claims were filed by various financial creditors, including DKY Finance Private Limited, Tribhawan K. Parnami, and Mohinder Kaur Sachdeva.

The case involves three appeals filed against the order dated 14.05.2024 passed by the Adjudicating Authority (National Company Law Tribunal, Chandigarh Bench, Court II) approving the resolution plan submitted by M/s. Max Heights Infrastructure Limited, the Successful Resolution Applicant (SRA). The appellants, unsecured financial creditors of the corporate debtor, Suman Vilas Private Ltd., are aggrieved by the approval of the resolution plan and have come up in these appeals. The CIRP was initiated based on a Section 7 application filed by allottees of a housing project launched by the corporate debtor, commencing on 08.04.2022. Claims were filed by various financial creditors, including DKY Finance Private Limited, Tribhawan K. Parnami, and Mohinder Kaur Sachdeva.