Claim in CIRP rightly rejected since payments for flats to Corporate Debtor not established

Sneha Kore Vs Arun Kapoor (NCLAT Delhi) NCLAT Delhi held that rejection of claim in CIRP of corporate debtor justified since Appellants failed to establish the crucial aspect of transfer of monies to the bank account of Corporate Debtor for purchase of flats. Facts- The Appellants submitted that they entered into an Agreement for Sale in January 2014 with the Corporate Debtor for the purchase of Flats in the Arizona wing of the project developed by Monarch Brookfields LLP in Navi Mumbai. The Corporate Debtor failed to deliver possession of the flat, prompting the Appellants to institute a con...