Khaitan & Co advised a consortium of resolution applicants comprising Oberoi Realty Ltd, Shree Naman Developers Pvt Ltd, and JM Financial Properties and Holdings Ltd in relation to legal due diligence, title due diligence and submission of resolution plan for Hotel Horizon Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP). The resolution plan submitted by the consortium proposing resolution of liabilities of around 1,300 Crores and dealing with the Hotel property located in Juhu, Mumbai was unanimously approved by the Committee of Creditors and the Hon’ble National Company Law Tribunal, Mumbai.
The deal was assisted by:
Banking & Finance: Kumar Saurabh Singh (Partner), Ashwij Ramaiah (Principal Associate), Rohitesh Tak (Senior Associate), Simran Upadhyaya (Associate), Ashwij Ramaiah (Principal Associate), Srishti Kapoor (Senior Associate) and Aaryan Mohan (Associate)
Employment, Labour & Benefits: Anshul Prakash (Partner), Kruthi Murthy (Principal Associate),
Intellectual Property: Shailendra Bhandare (Partner), Vaishali Adhikari (Associate), Shouraseni Chakraborty (Associate)
Real Estate: Harsh Parikh (Partner), Amruta Joshi (Counsel),Nupur Antrolikar (Associate)
Dispute Resolution: Diwakar Maheshwari (Partner), Pratiksha Mishra (Principal Associate)
The core team consisted of Kumar Saurabh Singh (Partner), Ashwij Ramaiah (Principal Associate) and Aaryan Mohan (Associate)