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Flat Buyers Association Winter ... vs Umang Realtech Private Limited on 24 March, 2023

34. The adjudicating authority in the impugned order, although has noticed the judgement of the Hon'ble Supreme Court in 'Mansi Brar Fernandes' (supra) and this Tribunal in 'Flat Buyers Association Winter Hills - 77, Gurgaon' (supra), and 'Amit Jain (Suspended Directors of Mahagun (India) Pvt. Ltd.)' (supra), but has not even adverted to the said judgements, law laid down by this Tribunal and the Hon'ble Supreme Court is fully binding on the adjudicating authority without adverting to the said judgements which had clearly held that project-wise insolvency process can begin and where the CIRP initiated by allottees or a financial institution, with respect to one project, it cannot take in its fold in other cities or other states.
National Company Law Appellate Tribunal Cites 16 - Cited by 4 - Full Document

Mansi Brar Fernandes vs Shubha Sharma on 11 December, 2020

34. The adjudicating authority in the impugned order, although has noticed the judgement of the Hon'ble Supreme Court in 'Mansi Brar Fernandes' (supra) and this Tribunal in 'Flat Buyers Association Winter Hills - 77, Gurgaon' (supra), and 'Amit Jain (Suspended Directors of Mahagun (India) Pvt. Ltd.)' (supra), but has not even adverted to the said judgements, law laid down by this Tribunal and the Hon'ble Supreme Court is fully binding on the adjudicating authority without adverting to the said judgements which had clearly held that project-wise insolvency process can begin and where the CIRP initiated by allottees or a financial institution, with respect to one project, it cannot take in its fold in other cities or other states.
Supreme Court - Daily Orders Cites 0 - Cited by 2 - Full Document
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