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NCLT clears Rs 730 crore revival plan for Rajesh Hotels after years in insolvency
Business
Published on 4 May 2026
A consortium takes over as secured creditors get full settlement
The National Company Law Tribunal has approved a revival plan for Rajesh Business & Leisure Hotels, clearing the way for a consortium led by Rare Asset Reconstruction Company and Check-Inn Hotels to take over. The deal requires a ₹730 crore payment and follows the company’s insolvency admission in April 2022. Secured creditors will be fully settled under the approved plan.
- NCLT approved Rajesh Hotels’ revival plan
- Consortium of Rare Asset Reconstruction and Check-Inn Hotels to acquire the company
- Deal includes a ₹730 crore payment under the resolution
- Secured creditors get full settlement after insolvency proceedings
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times