NCLAT allows Group Insolvency of real-estate companies for a consolidated Resolution Plan

NCLAT allows Group Insolvency of real-estate companies for a consolidated Resolution Plan

In a landmark judgement delivered earlier this month, the National Company Law Appellate Tribunal has allowed Group Insolvency of six real estate companies in order to arrive at a consolidated Resolution Plan for the total development of a township project undertaken by them in Haryana.

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