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Promoters of Dharani Sugars regain control as NCLT accepts settlement Proposal

Promoters of Dharani Sugars regain control as NCLT accepts settlement Proposal
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Appu Hotels: Former Thyrocare promoter A Velumani s entity extends Rs 420 crore debt facility to Appu Hotels

Velumani, who had sold his stake in Thyrocare in 2021, provided the loan to Appu Hotels for a term of two years at a coupon of 17%, the people cited earlier told ET. The loan was given by iHeart Properties, a company owned by Velumani.

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Brijbhushan Singh On the Mat, Sanyaas from Wrestling and Lok Sabha Format?

Brijbhushan Singh On the Mat, Sanyaas from Wrestling and Lok Sabha Format?
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Le Royal Meridien: NCLT approves Rs 595 cr settlement offer for Hotel Le Royal Meridien in Chennai & Coimbatore

The National Company Law Tribunal (NCLT) has approved a Rs 595 crore settlement offer from Appu Hotels promoter, facilitating a rare instance where lenders will recover their entire dues. The settlement includes Rs 98 crore for equity holders. The tribunal directed the resolution professional to hand over the company to the existing management.

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Appu Hotels wins the case, NCLT passes an order in favour of original promoters

Appu Hotels wins the case, NCLT passes an order in favour of original promoters
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