No further steps in insolvency case against Santasha Real Estate: NCLAT

The National Company Law Appellate Tribunal (NCLAT) has directed that no "further steps" should be taken in pursuance with an order passed by the New Delhi bench of the National Company Law Tribunal (NCLT) with regard to the insolvency proceedings against realty firm Santasha Real Estate. NCLT had on March 29, ordered for initiation of insolvency proceedings against the realty firm over a plea filed by Vani Advertising, an operational creditor to the company, claiming default.