India Supreme Court Upholds Insolvency Proceedings Against Two Hotel Operators
The Supreme Court upheld insolvency proceedings against Gstaad Hotels and Neo Capricorn Plaza, which operate hotels in Bengaluru and Pune, respectively.
Kailash Babar & Maulik Vyas Mumbai: The Supreme Court upheld insolvency proceedings against Gstaad Hotels and Neo Capricorn Plaza, owners and operators of the JW Marriott hotel in Bengaluru and Crowne Plaza hotel in Pune, respectively, while clarifying that disputes over the precise quantum of outs…