Viceroy Hotels: In June, the Hyderabad bench of the NCLT rejected a lender-approved plan, stating that the performance bank guarantee furnished by the successful resolution applicant, Anirudh Agro Farm, had expired.
In June, the Hyderabad bench of the NCLT rejected a lender-approved plan, stating that the performance bank guarantee furnished by the successful resolution applicant, Anirudh Agro Farm, had expired. In August, the same bench warned that the resolution professional might face consequences for not implementing its June order to restart the sale process.
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