Asian Hotels (West) Insolvency: NCLAT said the decision of lenders of Asian Hotels (West) was "arbitrary in not approving 12A Proposal", which offered to pay the entire debt of financial creditors as well as all other creditors.
In a rare development, Bank of Maharashtra is expecting full recovery of dues from the sale of the loans to a hotel, owned by the Jatia Group. It has set a reserve price of Rs 330 crore against Rs 324 crore dues, the bank said in a note to the asset reconstruction companies last week. Reeling under Covid 19, in December 2020, the company entered a one-time restructuring (OTR) with lenders.
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ETMarkets Morning Podcast (ETMarkets.com)
04:28 Min | June 10, 2021, 8:50 AM IST
Tune in as we tell you what s happening in the market, what s making news this morning, and look at some of the buzzing stocks.
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Hi there, Good Morning. Welcome to ETMarkets Morning podcast, the show about money, business and markets. I am Sabari Saran. Let s start with the headlines first
RBI may rope in external hands to manage part of its forex reserves
Adani Group plans to hive off airport biz, take it public
CBI books industrialist Gautam Thapar in YES Bank fraud
Company has informed stock exchanges about their resignation. Asian Hotels (West) has informed stock exchanges that the company defaulted Yes Bank s due instalment on April 28 due to massive COVID-19 effect