Fraudulent misuse of insolvency law, NCLAT rules in Logix case | Noida News

Noida: Calling it fraudulent misuse of insolvency law, appellate tribunal NCLAT has ruled there will be no bankruptcy proceedings against Logix Infrastructure, observing that the litigant, Experts Realty Professionals (ERP), and the Noida-based developer were actually “related parties” and moving the tribunal was nothing but “a guise” to shield Logix from financial liabilities.In doing so,…

MBL Infrastructure subsidiary exits insolvency

MBL Infrastructure Ltd (MBL) today announced a significant development in the Corporate Insolvency Resolution Process (CIRP) of its wholly-owned subsidiary, MBL (MP) Toll Road Company Ltd (MPTRCL). The Adjudicating Authority has approved the resolution plan submitted by MBL, effectively bringing MPTRCL out of insolvency. The approval, granted via an order dated September 12, 2025, restates…

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