INSUBCONTINENT EXCLUSIVE:
Hotel Leela Venture on Tuesday said the diversified conglomerate ITC 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 Leela Venture by the end of the
2018-19 financial year.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
TheIndianSubcontinent.com/elections
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