Homebuyers of Lavasa, India’s first privately developed hill town, have lodged a fresh appeal with the National Company Law Tribunal (NCLT) against the resolution plan.
The homebuyers are alleging serious flaws in the resolution plan that was approved by creditors. Their appeal cites discriminatory treatment and a lack of transparency during the insolvency process.
Seeking intervention from the appellate tribunal, the homebuyers aim to address their concerns and ensure they receive fair treatment under the resolution.