The Insolvency Appellate Tribunal NCLAT upheld its Adani Goodhomes resolution plan for Radius Estate. NCLAT rejected petitions from two dissenting financial creditors, and approved the plan to provide possession to nearly 700 flat owners without price escalation. The plan was opposed by Beacon Trusteeship and ICICI Prudential Venture Capital Fund Real Estate, who claimed it was unfair, but NCLAT affirmed the Commercial Creditors Committee s decision.
The Mumbai bench of the National Company Law Tribunal (NCLT) on January 9, 2022, has approved the resolution plan of Adani Goodhomes, a part of Adani Realty
Adani Goodhomes: A two-member bench comprising the NCLAT Chairman rejected the petitions by two dissenting financial creditors, saying it was "commercial wisdom" of the Committee of Creditors (CoC), which approved the payout to different creditors.
After scoring a double century against England in the ongoing Test series, Yashasvi Jaiswal makes the headlines once again but this time for buying a new home
India Business News: Real estate sector on a reported basis accounted for more than 50% of the total realizations under IBC. However subsequent to release of data by IBBI,