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.
Asian Hotels (West) has availed of term loans in different tranches totalling Rs 200 crore from YES Bank. It served its all financial obligations to Yes Bank till March 31, 2021.
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani group, are in the final list of eligible prospective resolution applicants for acquiring debt-ridden Future Retail Ltd.
The Resolution Professional of Future Retail Ltd (FRL), which is currently going through an insolvency resolution process, on Monday came out with the final list of Eligible Prospective Resolution Applicants .
On April 10, FRL s RP updated a list of 49 companies, which had submitted Expressions of Interest (EoIs) after the company s lenders decided to invite fresh bids after dividing its assets into clusters.
Reliance, Adani, Jindal & 46 Other Companies Interested To Acquire Future Retail & Big Bazaar Assets - Trak in trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.