The Supreme Court has instructed Lodha Developers to deposit ₹520.8 crore. This order relates to the Enforcement Directorate's attachment o...

The Supreme Court has upheld the National Company Law Tribunal's (NCLT) decision to initiate insolvency proceedings against Tulip Hotels Pv...

Lodha Group-owned Macrotech Developers is paying around Rs 890 crore to acquire the hotel property in Juhu, an affluent suburb in western M...

The National Company Law Appellate Tribunal (NCLAT) upheld insolvency proceedings against Tulip Hotels for defaulting on Rs 450 crore corpo...

“The resolution plan approved by CoC (committee of creditors) has not been done with a process that can be approved by this adjudicating au...

The Committee of Creditors (CoC) of bankrupt V Hotels has declared the real estate developer as the successful resolution applicant in rela...

Some such prominent properties under the hammer, such as the Westin Kolkata Rajarhat, have drawn interest from several bidders.

The Mumbai bench of the National Company Law Tribunal (NCLT) has also permitted the resolution professional to recalculate the fair value a...

The appellate tribunal had accepted the hotel operator’s claim that the ARC filed its case against the company under the Insolvency and Ban...

Hotel chains such as Indian Hotels, ITC Hotels, Oyo, Lemon Tree, Trident and Sarovar Hotels have tied up with hospitals and worked out elab...

The Asset Reconstruction Company (India) Ltd (Arcil) has set a reserve price of Rs 1,315 crore for the six-acre sea-facing property on Juhu...

Tulip argued that it was for the banks to decide whether or not to grant the approval and that both the parties had tried their best.

The court was of the view that the arbitration award was contrary to the contract agreed between the parties and deserved to be set aside.

In 2005, Siddhivinayak Realties had agreed to purchase Centaur Hotel from Ajit Kerkar, former chief of Indian Hotels, and the Tulip Group.

In July 2011, an arbitration panel ruled against Siddhivinayak Realties and asked V Hotels to refund the Rs 73-crore payment within 90 days.

The UPA government, which attempted to push former disinvestment minister Arun Shourie into a corner by instituting a CBI inquiry into the ...

NEW DELHI: The Centre has served an ultimatum on Tulip Hotels to clear transactions for Juhu Centaur by February 23. HPCL, BPCL selloff nex...