Hotel Leelaventure informed the exchanges on Friday after market hours that the company has not been able to pay the first instalment of ₹22.5 crore, due on March 31. Further, the company has also not been able to pay the quarterly interest, which fell due on June 19 and September 19. It reported a loss of ₹174.62 crore for the quarter ended June and ₹441.47 crore for the fiscal ended March 31, 2014. Shares may react to the latest announcements.

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