Hotel Leela, JM Financial get time till May 28 for settlement
Updated : April 10, 2019 07:37 PM IST
On March 18, Brookfield Asset Management Company had agreed to acquire four hotels and a land parcel in Agra from Hotel Leelaventure for consideration Rs 3,950 crore.
JM Financial ARC had filed insolvency application against the Mumbai-based hotel chain in January, which owes around Rs 5,900 crore to lenders.
Published : April 10, 2019 07:37 PM IST