NEW DELHI: The National Company Law Tribunal (NCLT) has allowed the withdrawal of insolvency proceedings against ATS Knightsbridge, a residential project in Noida, following a settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code (IBC). The insolvency case, initiated by ASK Trusteeship Services under section 7 of the IBC in 2023, was…
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…
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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Set-Off Can Be Raised As Defence Against Corporate Debtor Though Resolution Plan Bars Future Settlements… Live Law Read the original article here
The National Company Law Tribunal (NCLT), New Delhi Bench, has authorised the withdrawal of corporate insolvency resolution proceedings (CIRP) against ATS Heights Private Limited, the developer of the ATS Knightsbridge project, under Section 12A of the Insolvency and Bankruptcy Code (IBC). Through its order dated March 13, the tribunal allowed an application to withdraw the…
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,…
ANI | Updated: Mar 22, 2026 14:51 IST New Delhi [India], March 22 (ANI): 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…