NCLT allows ICICI Prudential to withdraw insolvency proceedings against Anand Divine Developers

The National Company Law Tribunal (NCLT) has allowed ICICI Prudential Venture Capital to withdraw the insolvency proceeding against Anand Divine Developers, a subsidiary of ATS Infrastructure, on Wednesday, May 25 2022. The decision will end the uncertainty for hundreds of homebuyers who were adversely affected due to this legal process. National Company Law Appellate Tribunal (NCLAT) had stayed the insolvency