New Delhi, March 10 -- In a significant victory for over 1,000 homebuyers, the National Company Law Tribunal (NCLT) has approved a resolution plan for Universal Buildwell Private Limited's stalled projects.

This decision, passed on March 7, 2025, paves the way for homebuyers to receive their units with the help of their own association, which will complete the construction in a time-bound manner.

The NCLT Bench, comprising Justice Ashok Kumar Bhardwaj and Justice Subrata Kumar Dash, approved the resolution plan.

Advocate Swapnil Gupta, Advocate Shivambika Sinha, Advocate Vaibhav Mendiratta, and the team of Capital Law Chambers LLP represented the resolution professional. Senior Advocate P Nagesh and Advocate Harshal Kumar represented t...