NCLT reversed a deal moving 11 lakh sq ft of Mumbai redevelopment land to Spenta Suncity, ordering...

NCLT reversed a deal moving 11 lakh sq ft of Mumbai redevelopment land to Spenta Suncity, ordering it restored to JLS Realty.

Structuring redevelopment or asset transfer deals? NCLT can void transactions and land transfers made without clear commercial benefit.

Would you proceed with a land transfer if board approvals are under dispute?

https://realty.economictimes.indiatimes.com/news/regulatory/nclt-voids-525-crore-guarantee-mumbai-land-transfer-in-jls-realty-dispute/135420736