Group Insolvency of real-estate companies for a consolidated Resolution Plan allowed by NCLAT

Edelweiss Asset Reconstruction Company Limited Vs Sachet Infrastructure Pvt. Ltd. (National Anti-Profiteering Authority) In these appeals as common order dated 7th March, 2019 passed by the Adjudicating Authority (National Company Law Tribunal), Special Bench, New Delhi, is under challenge and common question of law is involved, they were heard together and are disposed of by this common judgment. 2. Against the ‘Principal Borrower’- ‘Adel Landmarks Limited’ (formerly known as ‘Era Landmarks Limited’), a petition for initiation of ‘Corporate Insolvency Resolution Process’ was a...