Citron Strategies Pvt. Ltd. filed an application against Leading Hotels Ltd. under Section 7 of the IBC. A homebuyer's claim was submitted belatedly. The Resolution Professional (RP) is considering the claim. An application for approval of the Resolution Plan is pending. Objections have been raised against the Resolution Plan. A valuation report dated 15.06.2021 by I S Associates Pvt. Ltd. indicates that the property was allegedly sold at less than market value (Rs. 6,82,28,000). The RP took management and control of the Corporate Debtor (CD) as per Sections 17 & 18 of the IBC. The valuation report lacks detailed analysis and basis for the value arrived at. The property is located at Avishkar Complex, Near GEB Colony, Old Padra road, Vadodra 390007, Gujrat, India.

Citron Strategies Pvt. Ltd. filed an application against Leading Hotels Ltd. under Section 7 of the IBC. A homebuyer's claim was submitted belatedly. The Resolution Professional (RP) is considering the claim. An application for approval of the Resolution Plan is pending. Objections have been raised against the Resolution Plan. A valuation report dated 15.06.2021 by I S Associates Pvt. Ltd. indicates that the property was allegedly sold at less than market value (Rs. 6,82,28,000). The RP took management and control of the Corporate Debtor (CD) as per Sections 17 & 18 of the IBC. The valuation report lacks detailed analysis and basis for the value arrived at. The property is located at Avishkar Complex, Near GEB Colony, Old Padra road, Vadodra 390007, Gujrat, India.