VISHAL CHELANI vs DEBASHIS NANDA

The Supreme Court examined the validity of a resolution plan under the Insolvency and Bankruptcy Code, which distinguished between home buyers based on their approach to RERA proceedings. The plan favored home buyers who did not seek remedies under RERA by offering them better terms, raising questions about discrimination and fairness. The court analyzed whether such differentiation was permissible under insolvency law and principles of equality. The judgment upheld the plan, emphasizing the importance of the resolution process and the need for consistency in treatment of creditors.