NCLT Approves Rajesh Hotels Resolution Plan by Rare ARC Consortium

NCLT Mumbai approves resolution plan for Rajesh Business & Leisure Hotels submitted by Rare ARC and Check-Inn Hotels consortium with 100% CoC voting.
Plan provides Rs 730 crore payout including Rs 461 crore to secured creditors and Rs 6 crore to operational creditors within 60 days.
Corporate Debtor's assets valued at Rs 429.09 crore fair value; plan includes Rs 250 crore working capital infusion for hotel completion.
Approval follows legal challenges that reached Supreme Court, which upheld NCLAT order setting aside initial plan rejection.