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Homebuyer Cannot Inflate CIRP Claim by Adjusting Refund Towards Interest: NCLT Mumbai
Case Law Details
- Case Name
- Parag Gupta Vs Rahul Jindal (NCLT Chandigarh)
- Appeal Number
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- NCLT
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Parag Gupta Vs Rahul Jindal (NCLT Chandigarh)
The Applicants filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 seeking to set aside the Resolution Professional’s methodology for admitting their claim. They sought re-computation of the refund by appropriating ₹40,00,000 first towards interest instead of principal and also requested admission of delay possession charges.
The Applicants stated that the Corporate Debtor entered CIRP on 12.01.2024 and they filed their claim in Form CA on 04.03.2024 relating to Unit No. P-603. They had paid ₹42,89,820 and had...
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