May 23, 2020
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Tiger Palace sale delayed, company receives second court injunction
Tiger Palace Casino Resort's sale delayed, company receives second court injunction
Australian Stock Exchange listed Silver Heritage Group, the parent company of the Tiger Palace Casino Resort in Bhairahawa, Nepal has announced that a local court has issued a second interim ex parte injunction against two of its Nepal units. The injunction is related to land at the Tiger Palace Resort.
Last month, a local court in Rupandehi, Nepal had issuedits first interim injunction…
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Nepal court restrains Silver Heritage over Tiger Palace land encroachment, company denies allegations
Nepal court restrains Silver Heritage over Tiger Palace resort land encroachment, company denies allegations
A local district court in Rupandehi in Nepal has issued a temporary injunction against selling or building anything on the plot where Tiger Palace Resort, Bhairawaha stands, pending a full verdict on a writ petition alleging encroachment on public land, as per a report in The Kathmandu Post.
The court reportedly issued the interim order against Tiger One and Silver Heritage Investment…
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Four Nepali companies looking to buy Tiger Palace Resort
Four Nepali companies looking to acquire Silver Hertiage Group owned Tiger Palace Resort Nepal
At least four top Nepali companies are vying to buy or invest in the Silver Heritage Group owned Tiger Palace integrated casino resort in Bhairahawa on the India-Nepal, as per a report in local daily Kathmandu Post.
Kathmandu Post further reports that the business deal for the casino resort could be worth around US$33 million. The Nepali business conglomerates interested in the deal include…
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