NCLT Rejects Section 7 Application for CIRP Due to Decree-Holder and Single Real Estate Allottee Status.

Initiation of CIRP - Rejection of Section 7 application - status of the decree-holder - Real Estate Allottee or not - NCLT held that, being a single allotment, does not meet the threshold requirement as per second proviso to Section 7(1) of the I&B Code - Decision of NCLT sustained - AT .....

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