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In April, the board of debt-ridden Leela had floated an ordinary resolution for sale of its assets
It may approach the Supreme Court against the order directing it to pay the amount as royalty for possession of the latter's property near the Mumbai international airport
The 250-room hotel, to be built in 30 months, will entail an FDI of about Rs 500 crore
The 326 key five-star property is located in the main city