Gayatri Projects was admitted for CIRP proceedings after State Bank of India filed an application under Section 7 of the IBC claiming that the firm defaulted on Rs 242.33 crore loans.
CR Sukumar
January 17, 2023 / 08:06 PM IST
Representative image.
The lenders have invited expressions of interest (EoI) from the prospective resolution applicants for the resolution of Hyderabad-headquartered Gayatri Projects Ltd (GPL).
Themove comes after the National Company Law Appellate Tribunals (NCLAT) bench at Chennai early this month turned down an appeal by the promoters of the bankrupt infrastructure firm challenging the corporate insolvency resolution process (CIRP) as ordered by the National Company Law Tribunal (NCLT) bench at Hyderab…
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