Supreme Court Halts Insolvency Proceedings in Controversial Lotus 300 Project, ETLegalWorld
Supreme Court of India New Delhi: Supreme Court on Tuesday stayed an order of NCLAT permitting IndusInd Bank to initiate corporate insolvency proceedings in the Lotus 300 housing project in Noida, even after it was completed with contributions from homebuyers after the corporate debtor abandoned the project. She complained that though homebuyers constituted 98% of…

