LAWS(SC)-2021-3-100

JAYPEE KENSINGTON BOULEVARD APARTMENTS WELFARE ASSOCIATION & ORS. Vs. NBCC (INDIA) LTD. & ORS.

Decided On March 24, 2021
Jaypee Kensington Boulevard Apartments Welfare Association And Ors. Appellant
V/S
Nbcc (India) Ltd. And Ors. Respondents

JUDGEMENT

(1.) Introductory : Permission to file special leave petition(s) and leave granted in respective Petition(s) for Special Leave to Appeal.

(2.) This batch of civil appeals, special appeals and transfer cases essentially relate to the resolution plan[1] in the corporate insolvency resolution process[2] under the Insolvency and Bankruptcy Code, 2016[3] concerning the corporate debtor, Jaypee Infratech Limited[4], whose activities do impact a large number of persons/entities, including the buyers of flats/apartments[5] in its real estate development projects.

(3.) Looking to a multi load of issues arising from variegated propositions/objections put forward by different parties, it appears appropriate to draw a brief outline and sketch of the matter at the outset. Brief outline and sketch