NCLT Chennai dismisses Resolution Professional's application seeking Rs 71.82 crore in contributions from directors and related parties for alleged wrongful trading under Section 66 of IBC.
Tribunal approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with directions to pay RP's incentive fee as CIRP cost.
Court directs RP to reconcile flat ownership for homebuyer Latha Devi Gani but rejects her compensation claim of Rs 11.69 lakh as belated.
Multiple intervention applications dismissed including those by State Bank of India, Ayra Consortium, and claims by various financial creditors.