NCLT approves Alchemist Infra Realty's acquisition by Vantage Point Asset Management

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.