NCLAT Upholds Adani Good Homes’ Resolution Plan for Radius Estate

  • NCLAT upholds orders approving Adani Goodhomes’ resolution plan for Radius Estate. 
  • The plan includes a 93% haircut for creditors. 
  • The decision was based on the “commercial wisdom” of the Committee of Creditors. 
  • The Mumbai bench of the National Company Law Tribunal approved the plan on January 9, 2022.
Posted in Current Affairs.