hyderabadupdates.com Real Estate Bankruptcy court admits Ansal API affiliate under insolvency resolution process

Bankruptcy court admits Ansal API affiliate under insolvency resolution process

November 27, 2025November 27, 2025| Ai Generated Article, credits to ogrinal websiteAi Generated Article, credits to ogrinal website| 0 Comment| 12:11 am
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The National Company Law Tribunal has admitted Katra Realtors into corporate insolvency resolution. This follows an application by IL&FS Financial Services, as Katra Realtors was a corporate guarantor for Ansal API, which is also undergoing insolvency. The tribunal noted that proceedings can be initiated against both the principal borrower and the guarantor simultaneously.

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