As part of a bankruptcy settlement, JM Financial Products, a non-banking finance company, has been allotted more than 142,000 square feet of office space spanning four floors in a new commercial building in Mumbai’s eastern suburb of Mulund, confirmed a report by Economic Times. The market value of the allotted space is around Rs 150 crore.
The acquisition, it added, is part of a court-mediated corporate insolvency resolution process (CIRP) connected to takeover of a stalled project formerly promoted by Ariisto Realty.
JM Financial Products is a non-deposit-taking non-banking financial company (NBFC-ND-SI) registered with the Reserve Bank of India (RBI).
The investment-focussed NBFC has been allotted floors 40, 41, 42 and…
