With the NCLAT upholding the NCLT ruling, this has become the latest case where creditors have been forced to take substantial haircut in bankruptcy cases
Sanjay Chhabria, 45, is managing director of Mumbai-based Radius Developers. Radius is developing 12.5 million sq ft of properties in the city and its suburbs and is working on some 15 projects. Radius is also looking to launch three or four more such projects, through joint ventures (JVs) or management contracts.