Acquisitions17 Jul 2026, 07:10 pm
Authum Investment gets NCLT nod for Creatoz Builders acquisition
AI Summary
Authum Investment & Infrastructure Ltd has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for its resolution plan to acquire Creatoz Builders Private Limited (CBPL). CBPL was undergoing Corporate Insolvency Resolution Process under the IBC, 2016. This acquisition marks Authum's entry into the real estate sector, aiming to capitalize on underlying assets and generate revenue through monetization. The NCLT order was uploaded on the IBBI website on July 16, 2026.
Key Highlights
- NCLT approves Authum Investment's resolution plan for Creatoz Builders.
- Acquisition marks entry into the real estate sector.
- Aims to capitalize on real estate assets and generate revenue.
- Creatoz Builders was under Corporate Insolvency Resolution Process.
Price Impact
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