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Once looking to buy IPL team, company now fails to repay Rs 7.5-cr loan
Updated On: 20 November, 2015 03:50 PM IST | | Varun Singh
Mumbai-based Kamla Landmarc received a public notice for failing to pay off the loan, and properties belonging to two company officials were seized by the bank in symbolic possession
The bank seized two flats belonging to company officials in a symbolic possession. One of the flats is in this building, Anand Kanchan, on Sir PM Road in Vile Parle (east)
Kamla Landmarc, a business firm from Mumbai that shot to fame in 2012 with reports that it was buying the now-defunct IPL team Deccan Chargers (worth hundreds of crores at the time), has now been issued with a public notice for failure to repay a Rs 7.5-crore loan.
The bank seized two flats belonging to company officials in a symbolic possession. One of the flats is in this building, Anand Kanchan, on Sir PM Road in Vile Parle (east). Pic/Rane Ashish
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