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Sensex, Nifty tumble after firm opening - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Bank of Maharashtra did not receive any firm bids for its loans to Asian Hotels (North) at an auction. The reserve price was set at Rs 330 crore, but no asset reconstruction companies submitted firm bids. Asian Hotels (North) had faced financial difficulties due to the impact of Covid-19 and had entered into a one-time restructuring. Lenders agreed to a restructuring proposal involving a moratorium on payments, and the company challenged the declaration of its account as a non-performing loan in court. ....
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. ....
Asian Hotels North Limited appoints Mr. Ashish Dhanuka as additional director equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Asian Hotels (North) Limited vs Alok Kumar Lodha on 24 December, 2020 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.