Mahagun gets insolvency relief as NCLT clears settlement with IDBI Trusteeship

Mahagun Group has reached a settlement with IDBI Trusteeship, resolving insolvency proceedings. This development brings relief to homebuyers of the Mahagun Manorialle project in Noida. The National Company Law Tribunal has allowed the withdrawal of the insolvency petition. Mahagun is now focused on delivering the project by March 2027, with construction activities accelerated.