SC Flags Doubts Over Financial Claim Due to Arbitral Findings on Document Irregularities

AVJ Heightss Apartment Owners Association Vs IIFL Finance Limited & Anr. (Supreme Court of India) The matter arises from two appeals before the Supreme Court against a common judgment of the National Company Law Appellate Tribunal (NCLAT), which had upheld an order of the National Company Law Tribunal (NCLT) directing that the claim of a financial creditor be considered by the Resolution Professional (RP) in the corporate insolvency resolution process (CIRP) of the corporate debtor. One appeal was filed by an apartment owners’ association and the other by a suspended director of the corp...