Peninsula Land's Joint Venture, Hem Infrastructure, faces insolvency proceedings initiated by NCLT concerning a Rs 266 Cr loan guarantee.

While the primary borrower's property is already attached, Peninsula Land notes its investment in the JV is already impaired in its financial statements.

The company is evaluating the potential financial impact on its investment's realizable value.

The JV retains the right to appeal, and discussions for a structured settlement with the financial creditor are ongoing, offering potential paths to mitigate adverse outcomes.