Units allotted to commercial space buyers not to be excluded from CIRP of Corporate Debtor

Praveen Arya & Ors. Vs Anju Aggarwal (NCLAT Delhi) NCLAT Delhi held that units allotted to commercial space buyers cannot be excluded from resolution plan during CIRP of Corporate Debtor as Corporate Debtor continues to own the assets. Facts- These three Appeal(s) arise of Corporate Insolvency Resolution Process of the same Corporate Debtor – M/s IP Construction Pvt. Ltd. The Appellant(s) in these Appeal(s) are commercial space buyer, who were allotted commercial spaces in a Project ‘Coral Brio’. The Appellant – Nupur Garg has prayed for direction to exclude commercial space SF...