NCLT approves Macrotech Developers' resolution plan for V Hotels
Mon, Apr 29, 2024 9:40 AM

NCLT approves Macrotech Developers' resolution plan for V Hotels

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The National Company Law Tribunal (NCLT) - Mumbai Bench has approved to the resolution plan of Macrotech Developers in relation to the corporate insolvency resolution process (CIRP) of V Hotels under the Insolvency and Bankruptcy Code 2016 (IBC).Under the resolution plan, the company will pay Rs 900 crore in tranches over a period of 270 days.

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