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NCLAT OKs resolution plan of Hyatt Regency promoters, Saraf group

NCLAT OKs resolution plan of Hyatt Regency promoters, Saraf group
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.

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NCLAT approves settlement plan for Asian hotels

The promoters, who operate the Hyatt Regency hotel near Mumbai airport, offered to pay the entire claims of lenders, trade creditors, employees and government dues, but the plan was rejected by the largest lender - UV Asset Reconstruction Company (ARC).

Business newsBreaking news eventsLatest news updatesEconomic timesEconomic times news appDaily market updatesLive businessNclat approves settlement planAsian hotelsBankruptcy courtSettlement planUv asset reconstruction companyHyatt regency hotel

Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum, ET Telecom

Sbi: The former Resolution Professional of Aircel entities has requested the Supreme Court s permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

Vijaykumarv iyerBalbir singhJustice sanjiv khannaCommittee of creditors the aircelSupreme courtAircel ltdNational company law appellate tribunalUv asset reconstruction companyNational company law tribunalResolution professionalShyam divanAircel entitiesAircel cellularDishnet wirelessAdditional solicitor general balbir singhWhile aircel

Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum

The former Resolution Professional of Aircel entities has requested the Supreme Court s permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

Justice sanjiv khannaBalbir singhVijaykumarv iyerCommittee of creditors the aircelUv asset reconstruction companyAircel ltdSupreme courtNational company law tribunalNational company law appellate tribunalResolution professionalShyam divanAircel entitiesAircel cellularDishnet wirelessAdditional solicitor general balbir singhWhile aircel

Hyatt Regency promoters seek to revive hotel, exit bankruptcy process

Hyatt Regency promoters seek to revive hotel, exit bankruptcy process
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.

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