The National Company Law Tribunal has approved Ambuja Neotia group's takeover of Riverbank Developers. This acquisition follows an insolvency resolution process. Riverbank Developers had admitted liabilities of over ₹2,300 crore. Ambuja Neotia will pay ₹34 crore upfront. This approval concludes Riverbank Developers' corporate insolvency resolution process. The revival plan can now be implemented.