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.

Lavasa, the luxurious and private planned city in the Western Ghats of India, has been sold to Darwin Platform Infrastructure with the clearance of the National Company Law Tribunal (NCLT).

A bankruptcy court has authorized Suraksha Realty's purchase of Jaypee Infratech, rejecting three appeals against the INR 7,936-crore resolution proposal and resurrecting the hopes of 20,000 home buyers who had been waiting over a decade for their promised flats.