Real Estate Mumbai
Oberoi Realty Secures Rs 9.19 Billion Deal for Hotel Horizon
Mumbai-based Oberoi Realty Ltd is set to acquire the debt-ridden Hotel Horizon for Rs 9.19 billion. This strategic move is part of the company's broader expansion plans in the luxury real estate sector.
real estate news
Rajani Associates Supports Jayesh Sanghrajka in Darshan Developers' CIRP
Rajani Associates, a leading legal firm, has provided strategic guidance to Jayesh Sanghrajka, the Resolution Professional of Darshan Developers and 10 other consolidated corporate debtors, throughout their Corporate Insolvency Resolution Process (CIRP).
Real Estate Mumbai
Oberoi Realty Consortium Secures Juhu Land Deal for Rs 9.19 Billion
The Oberoi Realty consortium has won the bid for the Juhu land deal, securing the Rs 9.19 billion resolution plan. The approval from the Committee of Creditors (CoC) marks a significant milestone in Mumbai's real estate sector.
Real Estate
NCLAT Dismisses Financial Creditor Claim Due to Invalid Guarantee
The National Company Law Appellate Tribunal (NCLAT) has dismissed a financial creditor claim, stating that a valid and binding corporate guarantee was not executed by the corporate debtor.
Real Estate Mumbai
Oberoi Realty Consortium Selected for Mumbai’s Hotel Horizon Insolvency Resolution
A consortium led by Oberoi Realty has been chosen by creditors for the insolvency resolution of Mumbai’s Hotel Horizon. The consortium will pay Rs 919 crore to creditors, with the amount potentially rising.
real estate news
Oberoi Realty Consortium Wins ₹919 Crore Bid for Hotel Horizon
Oberoi Realty, along with Shree Naman Developers and JM Financial Properties, has won the bid for Hotel Horizon through the IBC process, marking a significant milestone in the real estate sector.