business gvk power lenders to restart ibc process

Gvk Power Lenders To Restart Ibc Process

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Lenders for the debt-ridden GVK Power and Infrastructure are initiating a second insolvency process, opting to sell individual assets like land parcels, power units, roads, and the Mumbai airport stake. This strategic shift aims to attract specific bidders and maximize asset value, following a previous unsuccessful attempt due to non-compliant resolution plans.

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