NCLT allows withdrawal of insolvency proceedings against ATS group project

ATS Knightsbridge, a premium Noida project, is out of insolvency. The National Company Law Tribunal approved its withdrawal after a settlement with lenders. This brings relief to homebuyers. ATS Group plans to complete and hand over the project in 18-24 months. The group is also showing strong financial performance with recent repayments and successful sales across other projects.