Lucknow:, March 4 -- In a major move against Ansal API to save the interest of homebuyers, the Lucknow Development Authority (LDA) on Monday decided to lodge an FIR against the developer and move the National Company Law Appellate Tribunal (NCLAT) against its bankruptcy application in the National Company Law Tribunal (NCLT). Development authority vice chairman Prathamesh Kumar met chief minister Yogi Adityanath and apprised him of the Ansal API's bankruptcy application. Housing Board commissioner Balkar Singh was also present.

"The LDA will lodge an FIR against Ansal API. Its draft is being prepared. In addition to this, we will also move NCLAT to challenge the developer's bankruptcy application in the NCLT," Prathamesh Kumar told the m...