Homebuyers Seeking Refund Over Cheque Dishonour Cannot Claim Financial Creditor Status Under Section 5(8)(f) IBC: NCLAT
The National Company Law Appellate Tribunal, Principal Bench, New Delhi, on 19 August 2026, dismissed five connected company appeals concerning the status of certain purchasers of flats in the project of M/s RG Residency Pvt. Ltd. The appeals arose from orders passed by the National Company Law Tribunal, Principal Bench, New Delhi, on 13 May 2025. The principal legal question before the NCLAT was whether the appellants could be treated…
