Supreme Court puts Hyatt hotel’s valuation under scrutiny: 'This money belongs to people'

The court issued notice to the Union government, Punjab National Bank, Bank of Maharashtra and Asian Hotels (North) Pvt Ltd, ...

Supreme Court agrees to hear plea alleging undervaluation of 5-star hotel in OTS deals with two banks

The Supreme Court will examine allegations of undervaluation concerning Delhi's Hyatt Regency Hotel. A plea seeks a probe ...
Moneylife

Hyatt Regency: SC Questions Undervaluation in OTS Deals by Punjab National Bank and Bank of Maharashtra

The Supreme Court has agreed to examine allegations of undervaluation and irregularity in one-time settlement (OTS) deals entered into by Asian Hotels (North) Pvt Ltd with two public sector banks ...

“Even a layman knows prices are rising”: SC Flags Hyatt Regency Valuation, Considers CBI–CVC Probe

Raising sharp questions over the valuation of Delhi’s iconic Hyatt Regency hotel, the Supreme Court on Wednesday asked why the five-star property was not auctioned at a time when real estate prices ...