As many as 17 developers have been brought under the corporate insolvency resolution process before the National Company Law Tribunal (NCLT), Chennai.
Liquidation orders have been passed against three builders, Antony Projects P. Ltd, LCS City Makers P. Ltd and RRP Housing P. Ltd, said NCLT Chennai in response to an RTI query. The responses are as of May 23, 2019. In all the three cases, where liquidation orders have been passed, the maximum 270 days given to find a suitable resolution plan for revival of the firms have passed, it said.
The Chennai Bench of NCLT admitted the insolvency petition against 13 other builders. Fifty cases against builders are still pending, according to the information provided. In the case of Vishwakarma Real …
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