As Horizon Hotel in Juhu faces bankruptcy, restaurants and other commercial enterprises it houses are left in a quandary. The National Company Law Tribunal (NCLT) on January 29 passed an order to appoint the Interim Resolution Professional (IRP) in case of Insolvency and Bankruptcy against Hotel Horizon Pvt Ltd. On Friday, 10 of the tenants at the hotel came together to appeal to the IRP as a collective.

The ORDER passed by the National Company Law Tribunal stated that "the Corporate Debtor approached IDFC Limited in March 2008, requesting for certain financial facilities which was granted to it." It added that after the payment of first term of the loan, the hotel sought further financial assistance from IDFC, HDFC, and Union Bank of India.