JUDGMENT

( 7th November, 2025 )

Ashok Bhushan, J.

All these Appeals arises out of order dated 22.07.2025 passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi, Court- IV in IA No.6035 of 2024, IA No.1301 of 2025, IA No.850 of 2022 in CP (IB) No.256/ND/2019.

2. Brief facts necessary to be noticed for deciding these Appeals are:-

2.1. The Corporate Debtor- M/s. J.C. World Hospitality Pvt. Ltd. is an MSME engaged in developing Real Estate. By order dated 13.12.2019, the Corporate Debtor has been admitted to Corporate Insolvency Resolution Process (CIRP) on application filed by the Financial Creditors in Class under Section 7 . Resolution Professional invited claims in the CIRP of the Corporate Debtor only creditors are Financial Creditors in Class i.e. Homebuyers who constitute 100% CoC. There are no other creditor of the Corporate Debtor other than allottees. The Resolution Plan was also submitted by Appellant- Dr. Vijay Kant Dixit & Anr., promoters of the Corporate Debtor as well as Respondent No.1- Amrapali Fincap Limited. Revised Plans were submitted by Resolution Applicants. Five Resolution Plans were put to vote on 21.10.2021 but none of the resolution plans