NCLT has approved Mantra Properties’ buyout related to its Mulund project, following the company’s corporate insolvency resolution process that began in July 2023. The move comes on a plea by Beacon Trusteeship Ltd, with two secured creditors sharing control—Beacon Trusteeship at Rs 902 crore and 60.54%, and ARCIL at Rs 589 crore and 39.46%.
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