The portfolio included six real estate accounts sold for ₹1,075 crore, equating to a 60% recovery for L&T Finance, the people said. The finance company invited offers under a 15:85 structure for ten accounts with a total loan of ₹3,022.5 crore, according to a notice issued by the finance company on its website early last month.
L&T Finance sells real estate loans to Phoenix ARC for over Rs 1,000 crore, ET RealEstate indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The District Consumer Redressal Commissioner was hearing a complaint filed by Chetan Aher and Sushila Aher against Mulund-based Nirmal Lifestyle Pvt Ltd.