V Hotels Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 26 Apr 2024

Sector Hospitality & Leisure Bench NCLT Mumbai Last process activity 14 months ago · tribunal order

Acquired by

Macrotech Developers Limited

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Mumbai bench on a petition by a financial creditor. Current status: Resolved.

Admission to plan approval

4 yr 10 mo

This case

NCLT Mumbai median · 1 yr 10 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 432 / 1,536). Pre-packs left out.

The company

Public limited company in Hospitality & Leisure, registered in Maharashtra

Admitted claims

₹500–2,000 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Hospitality & Leisure · 71 closed

Resolved 61% · Liquidation 23% · Withdrawn or closed 17%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 69.3% n=41

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 17 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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