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David vs Goliath: Battle lines drawn between Hotel Leelaventure and ITC

The brewing corporate battle between ITC Ltd and Hotel Leelaventure would put the spotlight on the rights and the responsibilities of a player that is both lender and equity holder

Topics
Nclt  |  Itc  |  Hotel Leelaventure

Ishita Ayan Dutt 



ITC, Hotel Leelaventure

Last week, tobacco-to-hotels major Ltd filed a petition in the National Company Law Tribunal (NCLT) under Section 241 of the Companies Act, 2013, accusing of oppression and mismanagement in the proposed sale of four hotels and property to Canadian private equity player, Brookfield.

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First Published: Sun, April 28 2019. 21:44 IST

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