hyderabadupdates.com Real Estate NCLAT directs withdrawal of the insolvency against Mahagun as parties arrives settlement

NCLAT directs withdrawal of the insolvency against Mahagun as parties arrives settlement

February 23, 2026February 23, 2026| 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 Appellate Tribunal (NCLAT) has ordered the withdrawal of insolvency proceedings against realty firm Mahagun. This decision follows a settlement reached between Mahagun (India) and its financial creditor, IDBI Trusteeship, on February 12, 2026.

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