noida, Sept. 10 -- The National Company Law Appellate Tribunal (NCLAT) has upheld a February 2025 order of the National Company Law Tribunal (NCLT) cancelling insolvency proceedings against Logix Infrastructure, developer of the long-delayed Blossom County project in Noida Sector 137. The appeal was filed by Experts Realty Professionals, the financial creditor that initiated the corporate insolvency resolution process (CIRP). But a bench of justice N Seshasayee and Arun Baroka dismissed it, ruling: "The petition ... was fraudulent and aimed at protecting Logix from its dues to homebuyers and Noida authority." With the order, the earlier Rs.55 lakh penalty imposed on Experts Realty - stayed during appeal - must now be deposited with the PM N...