NCLT approves Aspect JV's resolution plan for Radius & Deserve Land Developers

The NCLT approved Aspect Group's resolution plan for Radius & Deserve Land Developers. This approval concludes the company's corporate insolvency resolution process initiated in May 2023. Bharadvaja Buildcon LLP will now take over the bankrupt real estate firm. The secured creditor will receive constructed free-sale area in a slum rehabilitation project. Construction is expected to commence within twenty-five months of plan approval.

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