The Delhi High Court has ordered DBS Bank India Limited to release the original title deeds and security documents for the Hyatt Regency property in New Delhi to asian hotels (north) . In an order dated August 03, 2026, the court held that Asian Hotels (North) Limited (AHNL) has established a strong prima facie case and that the balance of convenience lies in its favor. This interim ruling resolves a critical bottleneck in the ongoing commercial disputes involving Exclusive Capital Limited and Clover Media Private Limited, potentially accelerating the resolution of ownership rights over the hotel asset.

The order was issued in the matters CS(COMM) 376/2026 (Asian Hotels North Limited v. Exclusive Capital Limited & Ors.) and the connected matter CS(COMM) 1360/2025 (Exclusive Capital Limited v. Clover Media Private Limited & Ors.). The court examined the Inter-Corporate Loan Agreement, the subsequent assignment of debt, and the One-Time Settlement (OTS) before reaching its decision. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, AHNL disclosed the intimation on August 05, 2026.

The release of documents is subject to strict financial conditions. AHNL must deposit ₹1,59,66,05,228 with the Registrar General of the Delhi High Court within four weeks of the order. The deposited amount must be kept in an interest-bearing fixed deposit and will remain subject to the final outcome of the suit. Upon proof of such deposit, DBS Bank India Limited is directed to physically hand over the original title deeds and other security documents relating to the Hyatt Regency at Bhikaji Cama Place, New Delhi, to AHNL within one week.

The court clarified that all observations and findings contained in the order are prima facie in nature and shall not influence the final adjudication of the suits on their merits. The proceedings do not involve a finding of any violation or contravention by the Company. The interim relief aims to preserve the status quo regarding the physical possession of legal titles while the substantive issues are litigated.

What the Numbers Show

The requirement to deposit ₹1,59,66,05,228 represents a significant liquidity constraint for AHNL in the short term. While the funds are secured in an interest-bearing instrument, they are locked away from operational use until the suit's conclusion. This structure balances the court’s recognition of AHNL’s strong prima facie case with the need to protect the interests of other parties involved in the debt assignment and OTS framework. The company stated that the release of these documents will not have any material financial or operational impact, suggesting that the primary value lies in clarifying legal standing rather than immediate revenue generation.

Asian Hotels (North) has accepted the resignation of its Chief Financial Officer, Mr. Sachin Goel, effective from the close of business hours on July 7, 2026. The resignation was submitted due to personal reasons, marking a key change in the company's senior management structure.

Resignation Details

The company disclosed the executive transition in a filing submitted to the exchanges. The resignation was intimated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Communication

The resignation was formally accepted by the Director – Human Resources, with the last working day confirmed as July 7, 2026. The disclosure was signed by Kriti Narula Sehgal, Company Secretary & Compliance Officer, on July 8, 2026. The company has not yet announced a successor for the position.