Videocon Industries’ consortium of lenders issued fresh expression of interest for the debt-ridden group after the Insolvency Appellate Tribunal rejected the approval of a bid of Rs 2,692 crore by Twin Star Technologies promoted by Vedanta Chairman Anil Agarwal earlier this month. EOI) is invited.
According to the order of the National Company Law Appellate Tribunal, the consolidated committee of creditors of Videocon Industries and 12 other group companies has decided to “re-invite fresh expressions of interest for submission of resolution plan,” the debt-ridden firm he said.
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