Chennai

NCLAT stays bid to takeover city hotel

The National Company Law Appellate Tribunal (NCLAT), Chennai, has stayed the Rs 423 crore takeover bid of Appu Hotels, by MGM Healthcare owner MK Rajagopalan.

migrator

Chennai

Appu Hotels, belonging to Palani G Periasamy, operates the well-known Le Meridian brand in Chennai. The NCLAT order dated 30 July 2021, by Justice M Venugopal - Member (Judicial) and VP Singh, Member (Technical), was on an application by Periasamy Palani Gounder (appellant), promoter and former director of Appu Hotels. The NCLAT gave a stay order against the approval of the National Company Law Tribunal.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Also Read

Heavy rain predicted in several dists; heat relief for Chennai

JACTO-GEO demands old pension scheme, repeal of interim payouts

Remarks on DMDK not criticism: VCK president Thol Thirumavalavan

Durai Vaiko's remarks against MK Stalin not right: KN Nehru

TNSTC to operate 2,655 special buses for weekend rush

SCROLL FOR NEXT