The threshold of Rs. 1 crore denotes the total default of the Corporate Debtor to any Financial Creditor and not necessarily only to the Applicant Allottees | For calculating the total number of allottees, only the number of allotted units in a project shall be considered, irrespective of the number of units constructed | In cases of joint allotments, wherein a single unit is allotted to more than one person, the joint allottees of that unit shall be considered to mean a single allottee – Gajraj Jain Vs. Shivgyan Developers Pvt. Ltd. – NCLT Jaipur Bench
