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 Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code (IBC).
Background and Settlement
The insolvency plea was originally filed by ASK Trusteeship Services Private Limited under Section 7 of the IBC. The case was admitted on April 22, 2024, but the admission was subsequently challenged before the National Company Law Appellate Tribunal…