Sebi bars Hotel Leelaventure from selling properties to Brookfield Asset Management
NEW DELHI: Cash-strapped Hotel Leelaventure on Wednesday said capital markets regulator Securities and Exchange Board of India (SEBI) has barred it from selling its four hotels and other assets to Canadian investment fund Brookfield Asset Management. On March 18, Hotel Leelaventure Ltd (HLVL) had announced sale of its four hotels located in Bengaluru, Chennai, Delhi […]
ITC moves NCLT against Hotel Leelaventure
NEW DELHI: Diverdified group ITC has moved National Company Law Tribunal (NCLT) against Hotel Leelaventure alleging “oppression and mismanagement”. ITC’s current plea was mentioned before the Mumbai bench of the NCLT, which has posted the matter for hearing tomorrow, Hotel Leelaventure said in a regulatory filing. ITC, along with the petition has also filed two […]