Grosvenor House hotel was put on sale by its lender Bank of China earlier this year after a 'technical default'
The company has been given time till June by mortgage holders Reuben Brothers
Reports said that the two hotels can fetch up to $1 billion.
Sahara Group got other much-needed relief with the apex court lifting its embargo of permitting it to sell only 19 properties.
'The entire explanation of the episode is difficult to digest.'
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