Le Grandiose Residential Project Insolvency Resolution
Sector: Residential • Location: Noida, Uttar Pradesh, India
Source: The Economic Times
The National Company Law Tribunal permitted the withdrawal of insolvency proceedings against ATS Group's Nobility Estates, developer of the Le Grandiose premium residential project in Sector 150, Noida. The committee of creditors approved a settlement with the erstwhile management involving payment of Rs 108 crore against liabilities of Rs 775 crore, and settlement of debts to JM Financial and Pir
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | withdrawal of insolvency proceedings allowed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The National Company Law Tribunal permitted the withdrawal of insolvency proceedings against ATS Group's Nobility Estates, developer of the Le Grandiose premium residential project in Sector 150, Noida. The committee of creditors approved a settlement with the erstwhile management involving payment of Rs 108 crore against liabilities of Rs 775 crore, and settlement of debts to JM Financial and Piramal Finance through allocation of project units. The management is required to revalidate the sanctioned map, renew the RERA license within 120 days, and complete construction of Phase II within 48 months. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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