NCLT Approves ₹1,048.95-Crore Resolution Plan For Spenta Enclave; 300 Homebuyers To Get Flats
Mumbai, September 9, 2026: The Mumbai bench of the National Company Law Tribunal (NCLT) has approved a resolution plan of Rs 1,048.95 crore (Rs 10,48,95,57,405) for Spenta Enclave Pvt Ltd, paving the way for the revival and completion of its stalled real estate project at Chembur. The 27-page order, pronounced on September 9, records that approximately 300 homebuyers, whose admitted claims amount…
On September 9, 2026, the National Company Law Tribunal (NCLT) in Mumbai approved a resolution plan of ₹1,048.95 crore for Spenta Enclave Pvt Ltd. This resolution plan aims to revive and complete the stalled real estate project at Chembur, with approximately 300 homebuyers set to receive their respective flats. The 27-page order records that the admitted claims of these homebuyers amount to ₹264.29 crore, and they will receive their flats upon payment of the balance sale consideration.
The plan also stipulates that no additional amount shall be charged from the homebuyers, and the terms and conditions of their Agreements for Sale remain unchanged, except for an extension in the date of possession in accordance with RERA guidelines.
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