NCLAT Considers Ajnara India Project-Wise Insolvency Resolution

NCLAT hears arguments on resolving Ajnara India Ltd. via project-wise insolvency, starting with Ajnara Ambrosia.
Multiple creditors, homebuyers, and the IRP support project-wise resolution but seek a supervisory structure.
NOIDA raises concerns over land lease violations by original developer IVR Prime Developers.
Tribunal directs all parties to submit written notes on project-wise resolution within 15 days.