The appeal was filed against the order passed by the Adjudicating Authority in IA No.65 of 2025, which rejected the application filed by Harjit Singh Ahluwalia and 182 other homebuyers seeking rejection of the resolution plan.
Harjit Singh Ahluwalia and 182 other homebuyers filed an application seeking rejection of the resolution plan.
The Adjudicating Authority rejected the application filed by the homebuyers.
The Resolution Plan was approved by 96.56% vote share of the creditors in class.
72 out of 183 homebuyers voted in favor of the resolution plan.
The Respondent's counsel raised a preliminary objection regarding the maintainability of the appeal.
The Appellant's counsel argued that the Adjudicating Authority has jurisdiction to intervene in the resolution plan.
The Appellant's counsel argued that there was suppression of facts by the Resolution Professional.
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Appeal filed against order passed by the…
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The appeal was filed against the order passed by the Adjudicating Authority in IA No.65 of 2025, which rejected the application filed by Harjit Singh Ahluwalia and 182 other homebuyers seeking rejection of the resolution plan.
Harjit Singh Ahluwalia and 182 other homebuyers filed an application seeking rejection of the resolution plan.
The Adjudicating Authority rejected the application filed by the homebuyers.
The Resolution Plan was approved by 96.56% vote share of the creditors in class.
72 out of 183 homebuyers voted in favor of the resolution plan.
The Respondent's counsel raised a preliminary objection regarding the maintainability of the appeal.
The Appellant's counsel argued that the Adjudicating Authority has jurisdiction to intervene in the resolution plan.
The Appellant's counsel argued that there was suppression of facts by the Resolution Professional.
Appeal filed against order passed by the…
Sign in to view related legal provisions.