NCLAT allows LDA, other govt bodies to join case against Ansal
The National Company Law Appellate Tribunal has allowed Lucknow Development Authority and other government bodies to become parties in the bankruptcy case against Ansal Properties and Infrastructure Ltd, LDA said in a release The decision was announced on Wednesday. NCLAT allows LDA, other govt bodies to join case against Ansal The NCLAT directed all concerned authorities to file an affidavit presenting their facts within a week. Acting on these directions, LDA not only filed a FIR against the company but also challenged the National Company Law Tribunal’s decision to declare Ansal bankrupt. With the NCLAT order allowing LDA and other government bodies to present their case, the UP government has intensified its legal pursuit against the real estate giant.
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