NCLT directs liquidation of Tulip Hotels as it fails to get bidder within prescribed timeline, ET LegalWorld
NCLT has directed for the liquidation of debt-ridden Tulip Hotels, as the tribunal failed to receive any bidder during its insolvency resolution process within the prescribed timeline. On May 16, 2023, the NCLT had directed the initiation of a Corporate Insolvency Resolution Process (CIRP) against Tulip Hotels over a plea filed by Yes Bank, claiming […]
Reatox Resorts And Hotels Pvt. Ltd. & Ors vs Srei Equipment Finance Ltd. & Anr on 6 January, 2025
Calcutta High Court (Appellete Side) Reatox Resorts And Hotels Pvt. Ltd. & Ors vs Srei Equipment Finance Ltd. & Anr on 6 January, 2025 IN THE HIGH COURT AT CALCUTTA Criminal Revisional Jurisdiction APPELLATE SIDE Present: The Hon’ble Justice Shampa Dutt (Paul) CRR 1128 of 2022 REATOX RESORTS AND HOTELS PVT. LTD. & ORS. VS. […]
NCLAT sets aside EIH plea against NCLT order approving sale of Golden Jubilee Hotels, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) has set aside hospitality major EIH Ltd’s petition against an NCLT order approving the sale of Hyderabad-based Golden Jubilee Hotels. The appellate tribunal upheld the earlier decision of the National Company Law Tribunal (NCLT), allowing the bid of a Singapore-based entity and said the business decision by the […]
M/S Gaurav Rose Real Estate Pvt Ltd vs M/S Blue Horizon Hotels Pvt Ltd on 23 November, 2024
Karnataka High Court M/S Gaurav Rose Real Estate Pvt Ltd vs M/S Blue Horizon Hotels Pvt Ltd on 23 November, 2024 Author: H.P.Sandesh Bench: H.P.Sandesh 1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU RD R DATED THIS THE 23 DAY OF NOVEMBER, 2024 BEFORE THE HON’BLE MR. JUSTICE H.P. SANDESH M.F.A. NO.4806/2018 (CPC) BETWEEN: […]
Court appoints new directors of Oberoi Hotels & Oberoi Properties amid inheritance dispute, ET LegalWorld
Amid the ongoing family inheritance dispute between promoters of the Oberoi Group, Anastasia Oberoi, daughter of late hotelier PRS Oberoi, along with her step-siblings Vikramjit Singh Oberoi and Natasha Oberoi, and their cousin Arjun Singh Oberoi, have been appointed as directors of Oberoi Hotels and Oberoi Properties. The appointments were confirmed during an annual general […]
Asian Hotels North Ltd vs Yes Bank Ltd & Ors. on 7 October, 2024
Delhi High Court Asian Hotels North Ltd vs Yes Bank Ltd & Ors. on 7 October, 2024 Author: Chandra Dhari Singh Bench: Chandra Dhari Singh * IN THE HIGH COURT OF DELHI AT NEW DELHI % Pronounced on: 7th October, 2024 + I.A. 10671/2023 (under Order VI Rule 17 of the CPC), I.A. 8068/2023 (under […]
Royal Orchid Hotels secures an arbitration award against rock reality, receives ₹25 Lakh in damages, ET LegalWorld
Royal Orchid Hotels Limited has received an arbitration award from the sole arbitrator, Justice Ajit J. Gunjal, a former Judge of the High Court of Karnataka, according to the exchange filing. The award pertains to the arbitration case between Royal Orchid Hotels Limited and Rock Reality Private Limited, conducted under the Arbitration and Conciliation Act, […]
Get pollution cert in 3 mths to operate: NGT to hotels, restos & malls
The National Green Tribunal (NGT) directed on Wednesday hospitality establishments — hotels, malls, banquet halls, restaurants with seating capacity of 36 upwards — in the district to obtain consent to operate certificate from the state pollution control board within 3 months or face shut down. Source link