Hotel Leela sale of assets to Brookfield: SAT dismisses ITC challenge to SEBI orderSeptember 27 2019
The Securities Appellate Tribunal (SAT) today dismissed an appeal filed by ITC Limited relating to a grievance raised against the sale of the assets of Hotel Leela to real estate company Brookfield.
ITC had challenged an order passed by the Securities and Exchange Board of India (SEBI) which had green signalled certain aspects relating to the transaction.
By way of background, Hotel Leela Ventures Limited, being under financial distress, decided to restructure its debts under the Corporate Debt Restructuring . . .
This content is restricted to subscribers
With a premium account you get:
- One year of unrestrcited access to previous interviews, columns and articles
- One year access to all archival material
- Access to all Bar & Bench reports