JM Financial gets 1.42 lakh sq ft office space in Mumbai through CIRP resolution
Representative Image In a key transaction stemming from a bankruptcy settlement, non-banking finance company JM Financial Products has acquired ownership of over 142,000 sq ft of office space spread across four floors in an upcoming commercial tower in Mumbai’s eastern suburb Mulund. The acquisition is part of a court-mediated corporate insolvency resolution process (CIRP) connected to takeover of a stalled project formerly promoted by Ariisto Realty. The investment-focussed NBFC has been allotted floors 40, 41, 42 and 44 in the office wing of the project. The ownership transfer was formalised on April 4 and the property’s possession is expected by…