You are here: Home » PTI Stories » National » News
Business Standard

ITC moves NCLT against Hotel Leelaventure

Press Trust of India  |  New Delhi 

Diverdified group ITC has moved National Company Law Tribunal 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 application seeking waiver of the requirement of minimum threshold of 10 per cent shareholding, it added.

As per the latest information available on bourses, ITC holds a total of 7.92 per cent share stake in Hotel Leelaventure.

Shares of Hotel Leelaventure Ltd were trading at Rs 10.46 on the BSE during afternoon trade, down 0.38 per cent from its previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 23 2019. 14:40 IST