Supreme Court Reviews Hyatt Regency Hotel Valuation in Bank Settlement Dispute

The Supreme Court agreed to hear a plea by NGO Infrastructure Watchdog challenging the One Time Settlement (OTS) deals between Asian Hotels (North) Pvt Ltd and two public sector banks, Bank of Maharashtra and Punjab National Bank, over the alleged undervaluation of Delhi's Hyatt Regency Hotel. The petitioner alleges the OTS bypassed mandatory auction procedures despite stressed loans exceeding Rs 100 crore, potentially causing losses to public funds. The court issued notices to involved parties and questioned the timing and valuation amid rising real estate prices, seeking transparent explanations.