The interim resolution professional (IRP) has invited Expression of Interest to submit resolution plan for the hospitality chain Viceroy Hotels Limited.
Karuchola Koteswara Rao, the IRP appointed by the National Company Law Tribunal, has informed about the move to invite resolution plan from potential applicants.
The Hyderabad-based hospitality chain has been brought under the Corporate Insolvency Resolution Process by the NCLT, Hyderabad on March 12, 2018.
While providing details of the modalities to submit the resolution plan, the IRP has set May 29 as the last date for receiving the expression of interest for the resolution plan.
Insolvency resolution
The NCLT had initiated a corporate insolvency resolution process against Viceroy Hotel…
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