Mumbai, Feb 26 (IANS) Hotel Leelaventure on Tuesday said that JM Financial Asset Reconstruction Company Ltd (JMFARC) has filed an insolvency petition against it with the National Company Law Tribunal's Mumbai bench.

In a regulatory filling, the company said that the JMFARC has filed an application against it under Section 7 of the Insolvency and Bankruptcy Code.

"We further wish to inform you that the company is continuing to engage with prospective investors for a resolution," it said.

--IANS ravi/sn