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The Telangana High Court set aside a Rs. 3.56 Crore demand notice against Viceroy Hotels. This concludes the litigation in the company's favour.
Viceroy Hotels Limited won a favorable order from the SAFEMA Appellate Tribunal, which set aside a 2019 property attachment order by the Enforcement Directorate. This ruling provides finality to long-standing litigation, detaching the Courtyard by Marriott property in Hyderabad. The decision follows the successful completion of the company's insolvency resolution process.