Housing Development & Infrastructure (HDIL) has proceeded for settlement of its balance outstanding dues and has made part payment of its balance dues. Hence, Andhra Bank has withdrawn application from National Company Law Tribunal (NCLT).
Housing Development & Infrastructure (HDIL) is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).