The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal to stay insolvency proceedings against Indrajit Power, confirming the continuation of the legal process. Concurrently, the NCLAT has approved the merger between Indiabulls Real Estate and Embassy Group, overturning a previous order from the National Company Law Tribunal (NCLT). This decision allows the merger to proceed, marking a significant step in the consolidation of real estate assets in India. In related news, Zepto, a quick commerce company, has received NCLT approval to merge its Singapore parent company with its Mumbai-based subsidiary, Kiranakart. This maneuver is part of Zepto's strategy to flip its domicile back to India ahead of a planned initial public offering (IPO) later this year, which is expected to be completed within the next 30 days.