FilingReader Intelligence
Peninsula Land joint venture enters insolvency proceedings
July 17, 2025 at 12:21 AM UTC•By FilingReader AI
Peninsula Land Limited announced that the National Company Law Tribunal Mumbai has ordered Corporate Insolvency Resolution Process for joint venture Hem Infrastructure and Property Developers Private Limited.
The order follows a petition by JM Financial Credit Solutions over corporate guarantees for loans of approximately Rs. 266 crores. Peninsula Land is assessing the financial impact on its investments.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:PENINLAND•Bombay Stock Exchange
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