The National Company Law Tribunal (NCLT) has approved InCorp Restructuring Services LLP's resolution plan for the Darshan Group, enabling a significant slum rehabilitation project in Mumbai.
NcltIncorp RestructuringDarshan GroupSlum RehabilitationIbcReal Estate MumbaiJul 18, 2025
The NCLT's approval marks a key milestone in resolving complex real estate assets in distress through the IBC framework, enabling significant social and economic benefits for thousands of families.
The resolution process was led by Jayesh Sanghrajka, the Managing Partner at InCorp Restructuring Services LLP, an IBBI-registered IPE entity.
The Slum Rehabilitation Scheme covers over 87,000 sqm in Andheri West, Mumbai, and will bring better living conditions to more than 5,000 families residing in the slum area.
The resolution process addressed complexities including overlapping development rights, regulatory entanglements, and massive outstanding claims amounting to approximately INR 13,000 crore.
InCorp Restructuring Services LLP, an IBBI-registered IPE entity, played a crucial role as the Resolution Professional, leading the process from consolidation to resolution with stakeholder coordination.
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