NCLAT gives go-ahead for Indiabulls Real Estate-Embassy Group merger

The NCLAT has approved the merger of Indiabulls Real Estate and Embassy Group. The merger plans were previously stalled by the NCLT. All regulatory approvals were obtained before the NCLT backed out. The merger aims to create a Pan-India real estate company, combining operations in both North and South India. The decision overrides objections for a smoother amalgamation.