JM Financial files insolvency case against Hotel Leela Venture – Business Today

Hotel Leela Venture said Tuesday JM Financial Asset Reconstruction Company Ltd (JMFARC) has filed an insolvency petition with the Mumbai bench of National Company Law Tribunal (NCLT) against the company.

The application has been filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, Hotel Leela Venture said in a filing to BSE.

Also Read: Indian strikes Pakistan LIVE updates: Heavy firing along LoC; Punjab, Rajasthan, Mumbai on high alert

“The company is continuing to engage with prospective investors for a resolution,” it added.

On June 30, 2014, the e…

Read the full article at: https://www.businesstoday.in/top-story/jm-financial-files-insolvency-case-against-hotel-leela-venture/story/322726.html