NCLAT upholds NCLT order permitting fresh Form-G publication in IVR Prime IT SEZ CIRP, dismissing appeals by resolution applicant and suspended director.
Vasu Buildcon's revised resolution plan was rejected by CoC with 0% votes after remand from NCLT for reconsidering Noida Authority's claim.
CoC unanimously approved fresh Form-G publication after rejecting both Vasu Buildcon's plan and suspended management's Section 12A settlement proposal.
Appellants alleged voting irregularities due to homebuyer claim assignments, but NCLAT found no fraud or material irregularity in the process.