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Edelweiss group | Reserve Bank imposes business restrictions on Edelweiss Group s lending and asset reconstruction arms

Edelweiss group | Reserve Bank imposes business restrictions on Edelweiss Group s lending and asset reconstruction arms
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V Hotels: NCLT OKs Macrotech Developers acquisition of Centaur Hotel owner s V Hotels

Lodha Group-owned Macrotech Developers is paying around Rs 890 crore to acquire the hotel property in Juhu, an affluent suburb in western Mumbai. The bankrupt hotel company had admitted liabilities of over Rs 2,500 crore. Financial lenders of V Hotels had in June 2023 approved Macrotechs resolution plan with all voting in its favour.

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Asian Hotels (West) Insolvency: NCLAT sets aside insolvency proceedings against Asian Hotels West, ET RealEstate

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.

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NCLAT sets aside insolvency proceedings against Asian Hotels West

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.

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Stocks that will see action today (November 6, 2023) - The Hindu BusinessLine

Stocks that will see action today (November 6, 2023) - The Hindu BusinessLine
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