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NCLT Approves Withdrawal of Insolvency Proceedings Against Nobility Estates After Settlement, ETLegalWorld

NCLT allows withdrawal of insolvency proceedings against Nobility Estates New Delhi, 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 erstwhile management. The Delhi-based Principal bench allowed a section 12A application filed…