Live Breaking News & Updates on Palanig Periaswamy

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. ....

Tamil Nadu , United States , Palanig Periaswamy , Le Meridien , National Company Law Appellate Tribunal , Supreme Court , National Company Law Tribunal , Indian Bank , Appu Hotels , Hotel Le Royal Meridien , Bankruptcy Code , State Bank , Le Royal Meridien , Bank Of India , State Bank Of India , Idbi Bank ,