Despite the said homebuyers’ claim being admitted during the Corporate Insolvency Resolution Process (CIRP), the resolution plan approved by the Committee of Creditors (CoC) granted them only 60% of their claim amount, with no entitlement to the apartment in question.
NCLT dismisses homebuyers plea against Monarch Brookefields LLP s resolution plan, granting 60% claim. CoC s authority emphasized, limiting challenges by individual creditors. Legal precedent supports plan s validity under the Insolvency and Bankruptcy Code.