The National Company Law Tribunal (NCLT) has rejected a plea by the suspended promoters of Hotel Horizon Private Limited to dismiss a resolution plan. The plan, approved by the Committee of Creditors with 100% consent and valued at Rs 919 crore, was submitted by a consortium including Oberoi Realty. Promoters had alleged conflict of interest and undervaluation, but the NCLT found no grounds to interfere with the creditors' decision. Hotel Horizon has been undergoing insolvency proceedings since November 2024.