DRT quashes IFCI’s demand notice: Blue Coast Hotels

Blue Coast Hotels has informed that the Debt Recovery Tribunal - III at Mumbai has quashed and set aside the demand notice dated March 26, 2013 and measures taken u/s 13(4) of the SARFAESI Act, 2002 by IFCl against Blue Coast Hotels Ltd.

With reference to the earlier letter dated September 05, 2013 & January 17, 2014 regarding sale of Goa Property published in Newspapers in the month of July 2013 and January 2014 respectively, Blue Coast Hotels Ltd has now informed BSE that the Debt Recovery Tribunal - III at Mumbai has quashed and set aside the demand notice dated March 26, 2013 and measures taken u/s 13(4) of the SARFAESI Act, 2002 by IFCl against Blue Coast Hotels Ltd.Source : BSE

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