2024 (1) TMI 1257 - SCH - Insolvency and Bankruptcy

Rejection of Resolution plan - no related party - Non-inclusion of the Appellant in the Committee of Creditors - entitlement to vote in the Committee of Creditors - categorization of the homebuyers in class as Affected and Unaffected homebuyers - violation of Section 30(2)(e) of IBC - it was held by NCLAT that no error has been committed by the Adjudicating Authority in rejecting the application - HELD THAT - There are no good ground and reason to interfere with the impugned judgment and hence the present appeal is dismissed.

Summary

The Supreme Court of India dismissed the appeal, stating no good ground to interfere with the impugned judgment. The court clarified they were only concerned with the rectification of the register of shareholders. Pending applications were disposed of.