The National Company Law Tribunal (NCLT), Hyderabad Bench, has approved a resolution plan for M/s Manjeera Retail Holdings Private Limited (MRHPL). The plan, submitted by M/s Lulu International Shopping Malls Private Limited (LISMPL), received unanimous support from the Committee of Creditors (COC).
The resolution plan entails a total amount of ₹318.42 crores, allocated to secured financial creditors, operational creditors, and other debts. Part of the funds will address the claim of the Telangana Housing Board (THB) for ownership transfer.
The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by M/s Catalyst Trusteeship Limited. The COC, consisting of Catalyst Trusteeship Limited…
