Brookfield-backed Chronos Properties has renewed a Rs 148 crore bank guarantee to stay in the race for acquiring the flagship Bandra Kurla Complex property of Infrastructure Leasing and Financial Services (IL&FS).
In an affidavit filed before the insolvency appellate tribunal NCLAT, Chronos Properties informed that it has tendered three demand drafts aggregating to Rs 148 crore with the registrar of the Mumbai-bench of the National Company Law Tribunal on December 19, 2025.
Earlier on December 5, the NCLAT had directed Chronos Properties to renew its bank guarantee within a month to avoid disqualification as a bidder for IL&FS Financial Centre (IL&FS HQ) at BKC, Mumbai.
“The appellant has complied with the direction passed by this tribunal in its order dated December 5, 2025, within the time frame (30 days) provided therein,” said Chronos Properties in its affidavit filed before NCLAT recently.
Passing an interim order on December 5, the National Company Law Appellate …Brookfield-backed Chronos Properties has renewed a Rs 148 crore bank guarantee to stay in the race for acquiring the flagship Bandra Kurla Complex property of Infrastructure Leasing and Financial Services (IL&FS).
In an affidavit filed before the insolvency appellate tribunal NCLAT, Chronos Properties informed that it has tendered three demand drafts aggregating to Rs 148 crore with the registrar of the Mumbai-bench of the National Company Law Tribunal on December 19, 2025.
Earlier on December 5, the NCLAT had directed Chronos Properties to renew its bank guarantee within a month to avoid disqualification as a bidder for IL&FS Financial Centre (IL&FS HQ) at BKC, Mumbai.
“The appellant has complied with the direction passed by this tribunal in its order dated December 5, 2025, within the time frame (30 days) provided therein,” said Chronos Properties in its affidavit filed before NCLAT recently.
Passing an interim order on December 5, the National Company Law Appellate … Latest News [ SOBAN NEWS: International and National ]
