Shree Naman wins Gstaad & Neo Hotels for ₹1,800 cr

Shree Naman wins Gstaad & Neo Hotels for ₹1,800 cr. NCLT has approved Shree Naman's ₹1,800 crore bid for Gstaad and Neo Hotels, marking a rare full-recovery resolution under IBC. The deal is notable for returning 100% of dues to creditors, uncommon in Indian bankruptcy cases. It sets a positive precedent for stressed asset resolution in the hospitality sector.

📊 STOCKS: | 🏢 SECTOR: Corporate | #MEDIUMIMPACT #Bankruptcy