The appellate bankruptcy tribunal has set aside a National Company Law Tribunal (NCLT) order to restart the sale of Viceroy Hotels, which owns two properties: a five-star hotel in Hyderabad named Marriott and a three...
DB Realty to acquire stakes in 3 hotels for more than Rs 2,300 cr
Mumbai-based D B Realty Ltd on Monday said it will acquire shares in Bamboo Hotel Global Centre, Goan Hotels & Realty and BD And P Hotels for more than Rs 2,300 crore. These deals fall into related party...
UK’s Restaurant Group in talks with Cafe Rouge owner to divest leisure business
Restaurant Group, the owner of Wagamama restaurants and Frankie & Benny’s, said on Saturday it is in “advanced discussions” with Big Table Group regarding the potential divestment of its leisure...
ITC board approves acquiring 25% stake of Maharaja Heritage from Russel Credit
The board of the ITC has approved acquiring a 25% stake in Maharaja Heritage from Russel Credit. The shareholders will get one hotel company share for 10 held in the company. The indicative timeline for listing ITC...
NCLAT stays admission of Coffee Day Enterprises for insolvency
The appellate tribunal of the bankruptcy court Friday stayed the admission of Coffee Day Enterprises Ltd (CDEL) after it was challenged by the promoter, Malavika Hedge, that default occurred during the “calm...
Cafe Coffee Day insolvency: NCLAT Chennai stays the case, hearing scheduled for September
The Chennai Bench of National Company Law Appellate Tribunal (NCLAT) has stayed the admission of corporate insolvency case brought by National Company Law Tribunal (NCLT) Bengaluru against the coffee chain firm, Cafe...
ITC board gives in-principle nod for demerger of hotels business
ITC Ltd. board has given in-principle approval for the demerger of its hotels business and to incorporate a wholly owned subsidiary called ITC Hotels. “After due consideration, the Board accorded its in-principle...
DS Group completes acquisition of Viceroy Hotels
The Dharampal Satyapal (DS) Group has completed the acquisition of Viceroy Bangalore Hotels Pvt. Ltd as part of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, said a lawyer aware...
NCLAT turns down Sebi plea seeking to block insolvency of Pancard Clubs
National company law appellate tribunal (NCLAT) has dismissed market regulator Securities and Exchange Board of India’s plea to block insolvency proceedings of Pancard Clubs, as per a court order reviewed by ET. Sebi...
Restaurant chain Pinstripes to go public via $520 million SPAC deal
Restaurant chain Pinstripes, which offers Italian food along with bowling and bocce, said on Friday it will go public through a merger with a blank-check firm in a deal valued at about $520 million and plans to list on...
NCLT rejects resolution plan of Anirudh Agro Farms for Viceroy Hotels: Report
The NCLT has reportedly rejected the resolution plan of Anirudh Agro Farms for Viceroy Hotels following the expiry of bank guarantees and directed the continuation of the corporate insolvency resolution process (CIRP)...
Not in any talks to acquire Restaurant Brands Asia: Jubilant FoodWorks
Jubilant FoodWorks Ltd (JFL), the master franchisee for Domino’s Pizza and Dunkin, said it is not in the race to acquire Restaurant Brands Asia Ltd, formerly known as Burger King India Ltd. The leading Quick...
