Lucknow, July 6 -- The National Company Law Appellate Tribunal (NCLAT), New Delhi, on Monday is likely to decide on a plea of the Ansal API home buyers' association to quash the National Company Law Tribunal's (NCLT) order of February 2025 declaring Ansal API insolvent. The homebuyers have also sought completion of the project.

"The case will come up for hearing on Monday in NCLAT. We are fighting in NCLAT to quash the NCLT order, which declared the Ansal API insolvent," said Gagan Tandon, who is representing homebuyers before NCLAT.

"We have also requested the court to direct LDA to complete the project and handover the township to homebuyers," Tandon added.

Ansal API had filed a 48-page petition in the NCLT, declaring itself bankrupt...