Dharampal Satyapal Group, owner of brands such as Rajnigandha, Pulse and Catch, that also operates in the hospitality sector with hotels in Jaipur, Guwahati, Nainital and Jim Corbett; and Kolkata based real estate player Salarpuria Group have submitted resolution plans for Viceroy Bangalore Hotels Private Limited that owns Marriotts five-star Renaissance Bengaluru Race Course hotel.
The National Company Law Tribunal, Hyderabad Bench ordered the commencement of a corporate insolvency resolution process of the Viceroy Bangalore Hotels Private Limited in August last year.
Viceroy has a debt of around Rs 1100 crore and Edelweiss Asset Reconstruction Company is the creditor to the company besides Vistra ITCL (India) Limited.
Dharampal Satyapal G…
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