# In the matter of Wish Town Home Buyers Welfare Society Vs. IDBI Bank CA(AT)(Ins)No. 261 of 2020

> NCLAT judgment dated 2020-06-19. Citation: TCN-2020-NCLAT-00218. The case pertains to a Company Appeal (AT) (Insolvency) No. 261 of 2020 before the National…

- **Court:** NCLAT
- **Order date:** 19 Jun 2020
- **Citation:** TCN-2020-NCLAT-00218
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/wish-town-home-buyers-welfare-society-vs-idbi-bank-ca-5c8a71e5

## Summary

### Background

The case pertains to a Company Appeal (AT) (Insolvency) No. 261 of 2020 before the National Company Law Appellate Tribunal, New Delhi. The appeal was filed by Wish Town Home Buyers Welfare Society against IDBI Bank Ltd. & Anr. The core issue revolves around a resolution plan that has been approved, leading to the present appeal against it.

## Facts

Wish Town Home Buyers Welfare Society filed an appeal against IDBI Bank Ltd. & Anr. The appeal was preferred against an approved resolution plan. The specific point of contention was an interim order passed prior to the approval of the resolution plan. The core fact is the approval of the resolution plan, which the court considered as the basis for dismissing the appeal. The relevance of the approved resolution plan is that it superseded any interim orders that were in place before its approval.

## Issues and analysis

### Issue 1: Whether the appeal preferred with respect to an interim order passed prior to approval of the …

**Ratio:** An appeal preferred with respect to an interim order passed prior to the approval of the

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**Reasoning:** The court reasoned that since the resolution plan has been approved, any appeals against

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**Interpretation:** The interpretation is that the approval of a resolution plan has a significant

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**Application:** In this specific case, the resolution plan's approval meant that the appeal

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## Parties

- **Judges:** Bansi Lal…; V. P. S…; +1 more
- **Appellants:** Wish Town Home…
- **Respondents:** IDBI Bank…

## Timeline

- **2020-06-19 — Order Da…**: The court dismissed the appeal, stating that since the resolution plan has been approved,…

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