NCLAT approves Adani Goodhomes' resolution plan for Radius Estate with a 93% haircut for creditors.
NCLAT affirms Adani Goodhomes' resolution plan for Radius Estate, approving a 93% haircut for creditors. A two-member bench of the NCLAT rejected petitions by two dissenting financial creditors, citing the commercial wisdom of the Committee of Creditors (CoC), which approved the payout to different creditors. The resolution plan, approved by NCLT, allows for the possession of nearly 700 flats without price escalation.
May 28, 2024
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