NCLT Greenlights Macrotech's Plan for V Hotels

03 May 2024 CW Team

The National Company Law Tribunal (NCLT) has granted approval to Macrotech Developers' resolution plan for V Hotels. This decision marks a significant step forward in the resolution process for V Hotels, signalling progress in addressing its financial challenges.

Macrotech Developers' resolution plan for V Hotels has received the nod from the NCLT, paving the way for the implementation of restructuring measures. The approval underscores the viability of Macrotech's proposal and its potential to revive the operations of V Hotels.

The resolution plan is expected to bring much-needed stability to V Hotels and enable it to emerge from the financial distress it has been facing. Macrotech's strategy for V Hotels is aimed at maximising value for stakeholders while ensuring the sustainable growth of the hospitality business.

With the NCLT's approval, Macrotech Developers can now proceed with the implementation of its resolution plan for V Hotels. The successful resolution of V Hotels' financial issues is anticipated to have positive implications for the broader real estate and hospitality sectors.

Overall, the NCLT's decision to approve Macrotech Developers' resolution plan for V Hotels reflects the effectiveness of the restructuring process and the commitment of stakeholders to finding viable solutions. As the implementation of the plan progresses, stakeholders will closely monitor developments to assess the impact on V Hotels and the broader market.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..