NCLT clearing path for completetion of ATS Knightsbridge

The National Company Law Tribunal (NCLT) New Delhi Bench has formally dismissed the insolvency proceedings against ATS Heights Private Limited, a move that paves the way for the resumption and delivery of its premium residential project, ATS Knightsbridge, in Noida. The order, delivered on March 13, 2026, permitted the withdrawal of the Corporate Insolvency Resolution…

Go First Airlines And 4 Other Companies That Have Turned Insolvent In The Past 5 Years

Synopsis: Several well-known Indian companies, including Future Retail, Go First, Sintex Plastics, GVK Energy, and Jaiprakash Associates, have entered insolvency in the last five years. Their cases reflect the impact of debt burdens, failed deals, operational disruptions, and weak cash flows across sectors such as retail, aviation, plastics, power, and infrastructure. The past five years…

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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,…