NCLAT upholds Adani Goodhomes’ resolution plan for real estate company Radius Estates

The appellate tribunal upheld an order of NCLT Mumbai approving the plan, and rejected the objections raised by creditors including ICICI Prudential Venture Capital Fund.

The National Company Law Appellate Tribunal (NCLAT) on May 27 upheld the resolution plan proposed by Adani Goodhomes to take over bankrupt real estate company, Radius Estates [Beacon Trusteeship Ltd v. Jayesh Sanghrajka & Ors and connected petitions]

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