NCLT Dismisses Buty HUF's Challenge to Gigeo Resolution Plan

NCLT Mumbai dismisses Subhash Buty HUF's application challenging Gigeo Construction's resolution plan clause 7.9.
Buty HUF claimed the plan impermissibly extinguished its development rights under a 2008 agreement for Nagpur property.
Successful Resolution Applicant MKS Constro-Venture affirmed all obligations toward Buty HUF in sworn affidavit.
Tribunal ruled resolution plan adequately protects Buty HUF's rights and dismissed all objections.