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Infrastructure

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.
Hotel Leela, JM Financial get time till May 28 for settlement
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