NCLT Allows Nobility Estates Insolvency Withdrawal: Rediff Moneynews

NCLT permits withdrawal of insolvency proceedings against Nobility Estates after settlement with creditors. Read more about the case. New Delhi, May 14 (PTI) The National Company Law Tribunal has allowed withdrawal of insolvency proceedings against Nobility Estates, developer of the luxury housing project ‘Le Grandiose’ in Noida, following a settlement between financial creditors and the…

Settlement Clears Nobility Estates from Insolvency Proceedings

The National Company Law Tribunal (NCLT) has approved the withdrawal of insolvency proceedings against the real estate developer Nobility Estates, recognized for its luxury housing project ‘Le Grandiose’ in Noida. The withdrawal follows a settlement between financial creditors and the former management. A section 12A application, filed by the resolution professional of Nobility Estates, sought…

NCLT admits insolvency plea against Supreme Housing & Hospitality

MUMBAI: The National Company Law Tribunal (NCLT) has admitted Canara Bank’s insolvency plea against Mumbai-based real estate company Supreme Housing and Hospitality Private Limited over alleged dues exceeding Rs 567 crore, after multiple failed one-time settlement (OTS) attempts and prolonged litigation. The Mumbai bench of the tribunal, in an order dated May 13, initiated the…