Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + SCH Insolvency and Bankruptcy - 2024 (4) TMI SCH This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2024 (4) TMI 40 - SCH - Insolvency and BankruptcyModification in the Resolution Plan - HELD THAT:- The National Company Law Appellate Tribunal (NCLAT), has clarified that the clauses in the resolution plan permitting alteration of the layout and building plan including height, location and common area in future are permissive, albeit any change will require approval of the competent authority, that is, Real Estate Regulatory Authority (RERA), Maharashtra. Therefore, the resolution applicant cannot alter the layout and modify the plan on its own without approval. In view of the aforesaid clarifications given by the resolution applicant – Ashdan Properties Private Limited, by which they are bound, no further order or direction is required to be passed - appeal disposed off.
|