SME Times News Bureau | 23 Apr, 2019
Hotel Leelaventure on Tuesday said the diversified conglomerate ITC Ltd
has filed a petition against it before the Mumbai bench of the National
Company Law Tribunal (NCLT) for alleged "oppression and mismanagement".
"This
is to inform you that ITC has on April 22, 2019 filed against the
company, a petition for oppression and mismanagement along with two
applications for urgent hearing and for waiver of the requirement of
minimum threshold of 10 per cent shareholding," the company said in a
regulatory filing.
The NCLT bench has placed the application for hearing on Wednesday.
According
to its latest annual report, ITC holds 7.92 per cent of total shares of
Hotel Leelaventure by the end of the 2018-19 financial year.
