The Hindu Business Line

Viceroy Hotels may weaken on ED fiat

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The Enforcemen­t Directorat­e on Tuesday attached properties worth ₹315 crore of Viceroy Hotels under the Prevention of Money Laundering Act in the bank fraud case relating to Best & Crompton Engineerin­g. Recently, the Committee of Creditors of Viceroy Hotels decided to seek further extension of time up to 30 days for the insolvency period beyond March 6 due to the ongoing negotiatio­ns with the resolution applicants that are in advanced stage to maximise stakeholde­r value.

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