UTI Employees Sai Samruddhi Cooperative Housing Society filed three appeals (Company Appeal (AT) (Insolvency) No. 755, 757, and 758 of 2023) challenging orders from the National Company Law Tribunal (NCLT), Mumbai Bench – IV. The NCLT dismissed the Appellant's IAs. The Appellant claims to be an allottee of land under development and thus entitled to object to the Resolution Plan. The Adjudicating Authority previously observed that the Applicant has no locus to oppose the Plan. The Respondent argues the appeals are delaying tactics. The Appellant seeks an opportunity to file objections to the Resolution Plan. The possession of the land was with the Corporate Debtor.

UTI Employees Sai Samruddhi Cooperative Housing Society filed three appeals (Company Appeal (AT) (Insolvency) No. 755, 757, and 758 of 2023) challenging orders from the National Company Law Tribunal (NCLT), Mumbai Bench – IV. The NCLT dismissed the Appellant's IAs. The Appellant claims to be an allottee of land under development and thus entitled to object to the Resolution Plan. The Adjudicating Authority previously observed that the Applicant has no locus to oppose the Plan. The Respondent argues the appeals are delaying tactics. The Appellant seeks an opportunity to file objections to the Resolution Plan. The possession of the land was with the Corporate Debtor.