CIRP - Rejection of impleadment - allottees of “Amadeus” a real ...

Court Upholds Homebuyers' Right to Be Heard in "Amadeus" Project Impleadment Case, Despite Rejection by Interim Resolution Professional.

June 7, 2022

Case Laws Insolvency and Bankruptcy AT

CIRP - Rejection of impleadment - allottees of “Amadeus” a real estate project being developed by the Corporate Debtor - The Financial Creditors in a class, who at present consist of 99.85% of CoC, have every right to be heard in the Applications filed by Respondent No. 2 and 3 whose claim has been partly and fully rejected, respectively by the IRP - It cannot be said that since the Authorised Representative has not came up before the Adjudicating Authority for filing the impleadment application, the Appellants who themselves are Homebuyers have no right to participate in the adjudication initiated by filing applications by Respondent No. 2 and 3. - AT

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CIRP - Rejection of impleadment - allottees of “Amadeus” a real ...

Court Upholds Homebuyers' Right to Be Heard in "Amadeus" Project Impleadment Case, Despite Rejection by Interim Resolution Professional.

June 7, 2022

Case Laws Insolvency and Bankruptcy AT

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