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

Tags: , , , , , ,

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: