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NCLT closes insolvency proceedings against developer of ATS Le Grandiose project after settlement

ANI | Updated: May 14, 2026 13:28 IST New Delhi [India], May 14 (ANI): 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…

Supreme Court & High Courts Weekly Round-Up

The Supreme Court of India, while deciding a batch of appeals involving ICICI Bank and SBI, held that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against a principal debtor and its corporate guarantor are maintainable under the Insolvency and BankruptcyCode (IBC), 2016. The Supreme Court of India has dismissed Dhanlaxmi Bank Limited’s appeal seeking initiation…

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