JM Financial files insolvency case against Hotel Leelaventure
Updated : February 27, 2019 07:42 AM IST
The application has been filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, Hotel Leelaventure said in a filing to BSE.
On June 30, 2014, the erstwhile corporate debt restructuring lenders with exposure of 95.6 percent of the CDR debt had assigned their debt to JM Financial Asset Reconstruction Company Ltd and one lender with exposure of about 1 percent of the CDR Debt to Phoenix ARC Private Ltd.
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