The National Company Law Tribunal (NCLT) has initiated the corporate insolvency resolution process (CIRP) against the ATS Knightsbridge project in Noida’s Sector 124. The move comes after the builder, ATS, allegedly defaulted on payments of Rs 285 crore and Rs 47 crore to its lenders. The NCLT has appointed an interim resolution professional to oversee the CIRP process and ensure that the project continues without disruption.