Kolkata, April 23 (IANS) 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.
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
