+
NCLT Greenlights Macrotech's Plan for V Hotels
Real Estate

NCLT Greenlights Macrotech's Plan for V Hotels

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.

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.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?