Delhi's bankruptcy court approved Vantage Point Asset Management's acquisition of Alchemist Infra Realty for Rs 470 crore. Originally facing a Rs 401 crore default, the company had over Rs 1,293 crore in claims. The resolution plan was unanimously approved by the lenders, making this a significant step in reviving stalled real estate projects.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.