Rajesh Hotels Sale Approved: Creditors Ko Laga Bhari Nuksan, NCLT Ne Di Ha

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AuthorAnanya Iyer|Published at:
Rajesh Hotels Sale Approved: Creditors Ko Laga Bhari Nuksan, NCLT Ne Di Ha
Overview

NCLT ne Rajesh Business & Leisure Hotels ka deal approve kar diya hai. Rare Asset Reconstruction Company (Rare ARC) aur Check-Inn Hotels (Shree Naman Group ka hissa) ab company ko buy kar rahe hain. Lekin sabse badi baat ye hai ki creditors ko apna paisa **65%** se bhi zyada kam milega, matlab ek bara haircut hone wala hai.

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Deal toh approve ho gayi hai, par creditors ka kya? Unka toh lag gaya, lagbhag 65% se zyada ka haircut matlab jo paise bante the, uske chhote hisse se kaam chalana padega. Asal mein, company ki admitted liabilities thi ₹1,345 Crore se bhi zyada, aur ye deal sirf ₹730 Crore mein pakki hui hai. Iska matlab hai ki secured financial creditors ko final settlement mein sirf ₹461 Crore milenge.

Ye jo lagbhag 54% recovery rate hai na admitted liabilities par, ye India ke IBC (Insolvency and Bankruptcy Code) mein koi nayi baat nahi hai. Kai baar toh creditors ko apne claims par 70% tak ka haircut milta hai aur recovery rate 30-33% ke aas paas hi rehti hai.

Ab ye deal karega kaun? Ek consortium hai jisme Rare ARC aur Shree Naman Group ki Check-Inn Hotels hai. Ek ARC financial restructuring dekhegi aur developer operational revival. Ye pura drama April 2022 mein shuru hua tha jab ICICI Bank ne ₹311 Crore default par NCLT mein petition daali thi. Beech mein NCLT aur NCLAT se rejects bhi hue, par finally NCLT Mumbai bench ne 24 April 2026 ko is par final approval de di, woh bhi sab creditors ki razaamandi se.

Hospitality sector mein aise distressed assets ko buy karna aajkal chal raha hai. ARCs aur developers NCLT ka use karke aise struggling properties kharid rahe hain, woh bhi bade discounts par. Is deal mein creditors ko ₹615 Crore se zyada ka nuksan hone wala hai.

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