BS: JM Financial files insolvency petition against Hotel Leelaventure

26 February 2019: Hotel Leelaventure on Tuesday said that JM Financial Asset Reconstruction Company Ltd (JMFARC) has filed an insolvency petition against it with the National Company Law Tribunal’s Mumbai bench.

In a regulatory filling, the company said that the JMFARC has filed an application against it under Section 7 of the Insolvency and Bankruptcy Code.

“We further wish to inform you that the company is continuing to engage with prospective investors for a resolution,” it said.

The Business Standard reported

Categories: General News, India Bankruptcy

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