There is no concept of dissenting homebuyers within Creditors in class – Mrs. Taruna Suhas Saraph Vs. Mr. Dyaneshwar Chaudhari (Suspended Director) – NCLT Mumbai Bench

NCLT Mumbai Bench held that Home Buyers can vote for or against the Plan only as a class and if there are some Home Buyers pitted against the Resolution Plan, who are otherwise in minority, they have absolutely no locus to oppose the Plan in the capacity of dissatisfied or dissenting Home Buyers. It is also abundantly clear that such dissenting minority segment within the class of Home Buyers cannot arrogate themselves to be dissenting Financial Creditors.

There is no concept of dissenting homebuyers within Creditors in class – Mrs. Taruna Suhas Saraph Vs. Mr. Dyaneshwar Chaudhari (Suspended Director) – NCLT Mumbai Bench Read Post »