NCLT approves Rs 730 crore revival proposal for Rajesh Hotels

Mumbai: The National Company Law Tribunal (NCLT) has approved Rajesh Business & Leisure Hotels’ resolution plan to acquire a consortium of Rare Asset Reconstruction Company (Rare ARC) and Check-Inn Hotels, a subsidiary of realty developer Shree Naman Group. Read more: NCLAT sets aside NCLT insolvency order against Embassy Developments The company has admitted liabilities of…

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