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Sanghi Industries Dispute Ends: ₹84 Crore Guarantee Litigation Resolved

Alok Sanghi settles his ₹84 crore personal guarantee dispute with Ambuja Cements at the NCLAT, effectively concluding the ongoing legal conflict in June 2026.

By Robin Gangawane

  • Jun 01, 2026 12:35 PM IST
  • 1169 Views
NCLAT Quashes Embassy Development Insolvency Over ₹202 Crore Claim

NCLAT quashes Embassy Development insolvency case over a ₹202 crore claim, citing Section 10A protections for defaults during the pandemic-era lockdown period.

By Rajesh Aher

  • May 05, 2026 15:34 PM IST
  • 1193 Views
Raheja Developers Faces Ongoing Insolvency Process Over Gurugram Project

Raheja Developers faces ongoing insolvency proceedings for its Raheja Shilas project in Gurugram as the NCLAT mandates full buyer settlements for closure.

By Sandeep Thakur

  • Apr 04, 2026 17:30 PM IST
  • 1266 Views
Insolvency Code amendment empowers land authorities in real estate resolution

The Insolvency Code amendment empowers land authorities to join creditor meetings, potentially accelerating bankruptcy resolution for distressed projects.

By Robin Gangawane

  • Apr 02, 2026 18:34 PM IST
  • 1197 Views
NCLT Rules Against Wadhwa Buildcon Plan for Flaws and Wilful Default - Key Irregularities Lead to Plan Rejection

The Mumbai NCLT invalidated Wadhwa Buildcon's promoter's resolution plan. The resolution professional (RP)'s suspicious conduct and the promoter's willful default status revealed the decision.

By Admin

  • 27th Mar 2024
  • 1577 Views
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