Settlement for foreclosure of concession agreement re Kiratpur – Ner Chowk Project is as per resolution framework

Indian Bank Vs Infrastructure Leasing & Financial Services Ltd. (NCLAT Delhi) NCLAT Delhi held that the settlement entered into by KNCEL (Kiratpur Ner Chowk Expressway Limited) and NHAI (National Highways Authority of India) for foreclosure of the Concession Agreement relating to Kiratpur – Ner Chowk Project under the MoRTH Guidelines is in accordance with the approved Resolution Framework Facts- This appeal is filed by the Appellants u/s. 421 of the Companies Act, 2013 aggrieved by the Impugned Order passed by the National Company Law Tribunal, Mumbai. The Impugned Order has been pa...