NCLAT Calls Off Insolvency for Realty Giant Mahagun

NCLAT Calls Off Insolvency for Realty Giant Mahagun

NCLAT Calls Off Insolvency for Realty Giant Mahagun The National Company Law Appellate Tribunal (NCLAT) has ended insolvency proceedings against the real estate powerhouse Mahagun, following the company's settlement with financial creditor IDBI Trusteeship. The two-member NCLAT bench officially recorded the settlement dated February 12, 2026, between the two parties.An application submitted by IDBI Trusteeship sought to withdraw the insolvency p…