NCLT closes insolvency proceedings against Nobility Estates, developer of ATS’s ‘Le Grandiose’ project in Noida. This follows a settlement with lenders, approved by 92.52% of creditors, ending the CIRP initiated in November 2023.
The National Company Law Tribunal (NCLT) has closed the corporate insolvency resolution process (CIRP) against Nobility Estates Private Limited, the developer of ATS Group’s “Le Grandiose” housing project in Noida, after approving a settlement reached between lenders and the company’s former management.
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