Mantra Properties & Developers and Solitaire group are among the three companies which have submitted their bids to acquire Pune-based listed realty firm D S Kulkarni Developers through the insolvency process.
In September 2019, the National Company Law Tribunal (NCLT), Mumbai Bench ordered the commencement of corporate insolvency resolution process (CIRP) in respect of D S Kulkarni Developers Ltd under the provisions of the Insolvency and Bankruptcy Code, 2016, on an application filed by Bank of Maharashtra.
Manoj Kumar Agarwal, the Resolution Professional (RP), is managing the business of the debt-laden company and also carrying out the insolvency process.
According to sources, Mantra Properties and Solitaire group have submitted …
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