NOIDA: The national company law tribunal (NCLT) has terminated the ongoing corporate insolvency resolution process (CIRP) against the realty firm – Logix Infrastructure private limited – that was facing the proceedings since 2023.
In its 20-page order, delivered on Thursday (February 6), the NCLT has directed the resolution professional to return the management control of the firm to ex-management and also ended the moratorium period given to the realty firm.
The NCLT while allowing IA 6541 (the plea)with costs, terminated the admission order that was…
