The National Company Law Tribunal (NCLT) Chandigarh bench of Sh. Harnam Singh Thakur, (Judicial Member) and Sh. Shishir Agarwal (Technical Member) has held that an individual homebuyer is not permitted to approach the Adjudicating Authority seeking rejection of other creditors’ claims especially when no enforcement of his rights or personal grievances is involved.
The present application has been filed under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking directions to declare the admitted claims to be false, collusive and fraudulent. The Applicant further prays that claims should be re-verified, a revised list of creditors should be prepared and action should be taken against the Resolution…