Ishan Singh Loses NCLAT Appeal on SP AZE Towers Inventory

NCLAT dismissed Ishan Singh's appeal against NCLT order refusing to exclude unsold inventory from SP AZE Towers' CIRP valuation.
The dispute centered on a Collaboration Agreement for Spaze Arrow project where 147 units were allotted to homebuyers.
Tribunal upheld Resolution Professional's inclusion of project assets noting RERA's directive to complete construction.
NCLAT found arbitral award didn't terminate agreement and homebuyers' rights must be protected in insolvency process.