Khaitan & Co Advised Consortium Of Oberoi Realty Limited, Shree Naman Developers Private Limited, And JM Financial Properties And Holdings Limited On Submission Of Resolution Plan For Hotel Horizon Private Limited Under CIRP

Khaitan & Co advised Consortium of Oberoi Realty Limited, Shree Naman Developers Private Limited, and JM Financial Properties and Holdings Limited on submission of resolution plan for Hotel Horizon Private Limited under CIRP

The leading Indian law firm, Khaitan & Co advised a consortium of resolution applicants comprising Oberoi Realty Limited, Shree Naman Developers Private Limited, and JM Financial Properties and Holdings Limited in relation to legal and title due diligence, and the submission of a resolution plan for Hotel Horizon Private Limited under the Corporate Insolvency Resolution Process (CIRP). The resolution plan, proposing settlement of liabilities of approximately INR 1,300 crore and addressing 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 Khaitan & Co core deal team consisted of Kumar Saurabh Singh (Partner), Ashwij Ramaiah (Principal Associate), and Aaryan Mohan (Associate), with assistance from:

The Khaitan & Co legal and real estate due diligence team: Kumar Saurabh Singh (Partner), Harsh Parikh (Partner), Amruta Joshi (Counsel), Ashwij Ramaiah (Principal Associate), Kruthi Murthy (Principal Associate), Rohitesh Tak (Senior Associate), Nupur Antrolikar (Associate), Simran Upadhyaya (Associate), Vaishali Adhikari (Associate), and Shouraseni Chakraborty (Associate).

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