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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
<p>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</p>
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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