Top Highlights

• The Appellant(s) who have booked their flats with the Corporate Debtor, could not know about the publication of Form-A and the initiation of Corporate Insolvency Resolution Process (“CIRP”).
• not being residing in Noida, where the office of the Corporate Debtor situated, could not have learnt about Corporate Insolvency Resolution Process (“CIRP”) and, hence, could not file their claims within time
• The Resolution Professional could have included the names of all the Homebuyers and mentioned about them in the Information Memorandum
• Whether Resolution Applicant ought to have also dealt with Resolution Plan regarding Homebuyers, whose names and claims are reflected in the record of the Corporate Debtor, although they have not filed any claim
• Regulation 36(2) oblige the Resolution Professional to include the details of Corporate Debtor regarding assets and liabilities

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