ITC moves NCLT against Hotel Leelaventure

New Delhi: Diversified group ITC has moved National Company Law Tribunal against Hotel Leelaventure alleging “oppression and mismanagement”.  ITC’s current plea was mentioned before the Mumbai bench of the NCLT, which has posted the matter for hearing today, Hotel Leelaventure said in a regulatory filing. ITC, along with the petition has also filed two application seeking waiver of the requirement of minimum threshold of 10 pc shareholding, it added. ITC holds a total of 7.92 pc share stake in Hotel Leelaventure.