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IBC - Highlights / Catch Notes

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Rejection of Resolution plan of another partly - Appellant, who ...


Minority Homebuyer Cannot Challenge Majority-Approved Resolution Plan Under Insolvency and Bankruptcy Code.

November 4, 2023

Case Laws     Insolvency and Bankruptcy     AT

Rejection of Resolution plan of another partly - Appellant, who is a dissatisfied minority, a single homebuyer has to sail alongwith the view of the majority in terms of the scheme of IBC - the Adjudicating Authority is agreed upon that Appellant as a class of homebuyers cannot be allowed to challenge the Resolution Plan which has received approval of class of homebuyers on the basis of majority of votes of homebuyers. - AT

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