Oberoi Realty, along with its consortium, has acquired Hotel Horizon Private Limited (HHPL) following approval from the National Company Law Tribunal (NCLT) on January 29, 2026. The acquisition, under the Insolvency and Bankruptcy Code, involves a payment of ₹919.25 Crore by the consortium for 100% ownership of HHPL. HHPL holds approximately 7500 sq. mtr. of land in Juhu, Mumbai.
Acquisition of Hotel Horizon Approved
On January 29, 2026, the National Company Law Tribunal (NCLT), Mumbai bench, approved the resolution plan for Hotel Horizon Private Limited (HHPL), submitted by the consortium that includes Oberoi Realty Limited. This acquisition takes place under the Insolvency and Bankruptcy Code, 2016.
Deal Terms and Property Details
The resolution plan stipulates a payment of ₹919.25 Crore by the consortium to acquire 100% ownership of HHPL. This amount includes an equity subscription of ₹1 Crore. The consortium will make this payment within 45 days from the NCLT approval date. HHPL possesses land measuring approximately 7500 sq. mtr. overlooking the Arabian Sea in Juhu, Mumbai.
Management and Oversight
Until the transfer date, a Monitoring Committee, which includes representatives from the Consortium and the Committee of Creditors, will supervise the implementation of the resolution plan and manage the operations of HHPL. After the transfer date, the management and control of HHPL will be under the authority of the Consortium.
Related Party Transaction
This acquisition does not constitute a related-party transaction, and no company promoters or promoter group companies possess any interests in HHPL.
Source: BSE
