(Hybrid Mode) Justice M. Venugopal, Member (Judicial):

• Introduction:

• The Appellant / Applicant (the Authorised Representative of the `Allottees’, has preferred the instant Comp. App (AT) (INS.) No. 248 of 2023, before this `Tribunal’ as an `Aggrieved Person’, in respect of the `Impugned Order’, dated 06.01.2023, in CP (IB) No. 596 (PB) / 2021, passed by the `Adjudicating Authority’, `National Company Law Tribunal’, Principal Bench, New Delhi.

2. Earlier, before the `Adjudicating Authority’ / `National Company Law Tribunal’, Principal Bench, New Delhi, the `Appellant / Applicant’, along with Others, had preferred CP (IB) No. 596 (PB) / 2021 as `Financial Creditors’, under Section 7 of the I & B Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority Rules, 2016), while passing the `Impugned Order’, dated 06.01.2023, the `Adjudicating Authority’ / `National Company Law Tribunal’, among other things, at Paragraph Nos. V to VIII, had observed the following, and finally dismissed the main `Company Petition’:

• V. ``The Corporate Debtor vide letter dated 22.07.2011 addressed to the allottees, including the Applicants, claimed