NCLAT rejects insolvency plea against parsvnath
Real Estate

NCLAT rejects insolvency plea against parsvnath

The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency plea filed against Parsvnath Landmark Developers. This decision marks a significant development in the legal proceedings surrounding the real estate company.

The insolvency plea was rejected by NCLAT, indicating that Parsvnath Landmark Developers will not be subjected to insolvency proceedings at this time. The tribunal's decision provides clarity on the legal status of the company and alleviates concerns regarding its financial stability.

The dismissal of the insolvency plea is expected to have positive implications for Parsvnath Landmark Developers and its stakeholders. It demonstrates the company's ability to address legal challenges and navigate complex legal proceedings effectively.

Parsvnath Landmark Developers, a prominent player in the real estate sector, can now focus on its business operations and pursue its strategic objectives without the threat of insolvency looming over it. The tribunal's decision reinforces confidence in the company's financial health and future prospects.

Moving forward, Parsvnath Landmark Developers may leverage this favourable outcome to strengthen its position in the real estate market and pursue growth opportunities. The company's ability to overcome legal hurdles underscores its resilience and determination to overcome challenges and achieve long-term success in the industry.

Overall, the NCLAT's rejection of the insolvency plea against Parsvnath Landmark Developers signifies a positive development for the company and its stakeholders. It provides a sense of relief and clarity, allowing the company to focus on its core business activities and pursue its growth agenda with confidence.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency plea filed against Parsvnath Landmark Developers. This decision marks a significant development in the legal proceedings surrounding the real estate company. The insolvency plea was rejected by NCLAT, indicating that Parsvnath Landmark Developers will not be subjected to insolvency proceedings at this time. The tribunal's decision provides clarity on the legal status of the company and alleviates concerns regarding its financial stability. The dismissal of the insolvency plea is expected to have positive implications for Parsvnath Landmark Developers and its stakeholders. It demonstrates the company's ability to address legal challenges and navigate complex legal proceedings effectively. Parsvnath Landmark Developers, a prominent player in the real estate sector, can now focus on its business operations and pursue its strategic objectives without the threat of insolvency looming over it. The tribunal's decision reinforces confidence in the company's financial health and future prospects. Moving forward, Parsvnath Landmark Developers may leverage this favourable outcome to strengthen its position in the real estate market and pursue growth opportunities. The company's ability to overcome legal hurdles underscores its resilience and determination to overcome challenges and achieve long-term success in the industry. Overall, the NCLAT's rejection of the insolvency plea against Parsvnath Landmark Developers signifies a positive development for the company and its stakeholders. It provides a sense of relief and clarity, allowing the company to focus on its core business activities and pursue its growth agenda with confidence.

Next Story
Infrastructure Urban

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Next Story
Infrastructure Energy

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Next Story
Infrastructure Urban

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?