NCLAT appeal challenges NCLT order admitting Section 7 IBC petition filed by 130 homebuyers of Raheja Krishna Housing Scheme.
Tribunal modifies CIRP to confine proceedings solely to Krishna Housing Scheme project based on project-specific insolvency precedent.
Appellant offered settlement to refund homebuyer amounts with 9% interest, with payments to be processed through Resolution Professional.
Intervenors including PNB and Edelweiss ARC permitted to file claims but CIRP limited to project-specific creditors only.