NCLT Mumbai approves resolution plan for Viola Resorts submitted by Ashish Agarwal and Anantham Hospitality consortium with 100% CoC voting share.
Plan provides ₹16.92 crore to settle admitted claims of financial and operational creditors and employees, with ₹9 crore upfront payment.
Successful Resolution Applicant will infuse ₹2 crore as equity and provide ₹1.5 crore working capital over two years for business revival.
The approved plan includes capital reduction extinguishing existing shares and establishes a monitoring committee for implementation oversight.