IVRCL to invite fresh EoIs for resolution plan

Our Burea

Hyderabad, August 10

The Resolution Professional appointed by National Company Law Tribunal, Hyderabad, has decided to invite fresh expressions of interest to submit the resolution plan for IVRCL Ltd.

The debt-trapped Hyderabad-based construction-cum-infrastructure company is faced with insolvency proceedings.

Following a decision taken during the sixth meeting of Committee of Creditors of IVRCL Ltd held on August 7, the Resolution Professional has informed that fresh EoI will be invited to submit resolution plan. This will be for the second time and a public notice will be issued on August 14, the company informed BSE.

Published on August 10, 2018

Related