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With the National Company Law Tribunal (NCLT) initiating insolvency proceedings against Noida-based Ananda Divine Developers, an ATS Group company led by Getamber Anand, homebuyers face uncertainty over defaults by the developer.ATS Infrastructure The proceedings were initiated last month after ICICI Prudential Venture made a plea to the New Delhi-based bench of the NCLT for claiming […]
Debt-ridden Supertech Ltd, which is facing insolvency proceedings, should come up with a settlement plan that entails “definite upfront payment” of dues, according to one of its lender Union Bank of India. The bank on whose application the National Company Law Tribunal (NCLT) decided to initiate insolvency resolution proceedings against Supertech Ltd has made the […]