NCLAT directs IRP to supervise ATS project

The appellate tribunal's decision follows ASK Property Fund

the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group

Taking ATS to the National Company Law Tribunal (NCLT) citing a default of ₹285 crore.

This marks the second instance of ASK Property Fund pursuing legal

Proceedings against the real estate firm at the NCLT

After admission of another ATS project, located in Sector 150, Noida

In the insolvency court in November 2023.