NCLAT hears appeal by Catalyst Trusteeship Ltd. regarding Swastik Homebuild insolvency proceedings and IRP removal.
Tribunal notes failed settlement attempt with only 60 of 243 homebuyers attending meeting organized per its order.
Online vote on IRP removal saw 37 participants; 27 voted against removal while 7 supported it.
Tribunal clarifies its order was for settlement facilitation, not IRP removal, and adjourns for final hearing.