NCLAT upholds Sristi Hospitality's ₹32.41-cr insolvency sale to Amit Jatia-led consortium
The appellate tribunal rejected ex-promoters' undervaluation appeals, clearing the sale of Sristi Hospitality's prime Vile Parle, Mumbai property to a consortium including Hardcastle Restaurants' Amit Jatia, McDonald's west and south India master franchisee.
NCLAT upheld the insolvency sale of Sristi Hospitality's prime Vile Parle property to a consortium including Amit Jatia's Hardcastle Restaurants (McDonald's west/south India master franchisee), rejecting ex-promoters' undervaluation appeals over the ₹32.41 crore resolution plan.
Why this matters
Hardcastle Restaurants' Amit Jatia deepens real estate exposure in Mumbai via an insolvency acquisition, signaling asset-led expansion beyond McDonald's franchise operations in west and south India.
Retail-company signals accelerating at +896800% QoQ.