NCLAT Sets Aside EIH Plea Against NCLT Order Approving Sale Of Golden Jubilee Hotels
EIH, which was managing Golden Jubilee Hotels and has 16 per cent shareholding, contended that it could not be treated as a promoter and become 'ineligible' to be part of the resolution plan for the hotel under Section 29A of IBC.
EIH, which was managing Golden Jubilee Hotels and has 16 per cent shareholding, contended that it could not be treated as a promoter and become 'ineligible' to be part of the resolution plan for the hotel under Section 29A of IBC.
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