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NCLT allows withdrawal of insolvency proceedings against ATS Knightsbridge under section 12A

New Delhi [India], March 22 : The National Company Law Tribunal (NCLT), New Delhi Bench, has permitted the withdrawal of corporate insolvency resolution proceedings (CIRP) initiated against ATS Heights Private Limited, the developer of the ATS Knightsbridge project, in exercise of its powers under Section 12A of the Insolvency and Bankruptcy Code (IBC). The tribunal,…

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