ITC on Tuesday said all conditions for the demerger of its hotel business are "fulfilled" and the scheme would be effective from January 1, 2025. The multi-conglomerate has already received regulatory approvals, including from the National Company Law Tribunal (NCLT) on October 4, sanctioning the scheme between ITC...
The National Company Law Appellate Tribunal (NCLAT) has set aside hospitality major EIH Ltd's petition against an NCLT order approving the sale of Hyderabad-based Golden Jubilee Hotels. The appellate tribunal upheld the earlier decision of the National Company Law Tribunal (NCLT), allowing the bid of a...
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