NCLAT Dismisses Minority Homebuyers’ Challenge to CIRP Plan

Harjit Singh Ahluwalia & Ors Vs Udayraj Patwardhan (NCLAT Delhi) The appeal was filed before the National Company Law Appellate Tribunal (NCLAT) in Delhi by Harjit Singh Ahluwalia & Ors. against the order of the Adjudicating Authority (NCLT) in IA No. 65 of 2025. This NCLT order had rejected an application filed by 183 homebuyers praying for the rejection of the Corporate Insolvency Resolution Process (CIRP) resolution plan. While 183 applicants filed the original application, only 93 of them filed this appeal before the NCLAT. Counsel for the Respondent raised a preliminary objection ...