The National Company Law Tribunal (NCLT) has approved the Ambuja Neotia group's acquisition of Riverbank Developers. This approval concludes Riverbank Developers' corporate insolvency resolution process, which began in April 2024. Ambuja Neotia will pay 34 crore upfront as part of the revival plan, which was approved by over 90% of creditors. Riverbank Developers had admitted liabilities exceeding 2,300 crore.