Deccan Value Investors want 'win-win' solution for Amtek: Hedge fund's exec

Lenders must fulfill conditions that they signed with the auto parts maker, says Vinit Bodas.

Topics
Amtek Auto | NCLAT | NCLT

Ishita Ayan Dutt  |  Kolkata 

Deccan Value Investors (DVI), the US-based hedge fund, has said it is ready to do a deal with Amtek Auto but lenders must fulfill conditions they signed with the Indian auto parts maker undergoing insolvency proceedings.

Deccan triggered a force majeure clause in Amtek Auto's debt resolution case in September, citing deteriorating performance of the corporate debtor in the wake of the Covid-19 pandemic. “We are and will always remain ready to do the deal as soon as the lenders fulfill the conditions that they themselves signed,” Vinit Bodas, Managing Partner at DVI, ...

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First Published: Sun, October 11 2020. 13:55 IST
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