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NCLT allows withdrawal of insolvency proceedings against Noida realtor | Noida News

Noida: National Company Law Tribunal (NCLT) has allowed the withdrawal of corporate insolvency resolution process (CIRP) against Le Grandiose developer, Nobility Estates Private Limited, after lenders and the company’s ex-management reached a settlement agreement. It also restored the management of the real estate company to its board of directors.Tribunal’s principal bench, comprising acting president Bachu…

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Adani Power gets CCI nod to acquire GVK Energy

New Delhi, May 12 (PTI) Fair trade regulator CCI on Tuesday approved billionaire Gautam Adani-led Adani Power Ltd’s proposal to acquire GVK Energy. GVK Energy Ltd, through its subsidiary AHPL, is engaged in the generation of power from a 330 MW hydroelectric power project in Srinagar, Uttarakhand. “The proposed combination involves the acquisition of 100…