Renewed Hope For Amtek Auto Resolution As SC Allows RP To Issue Invitation For Fresh Bids

Arunima Bhattacharjee

25 Sept 2019 10:30 AM IST

  • Renewed Hope For Amtek Auto Resolution As SC Allows RP To Issue Invitation For Fresh Bids

    Supreme Court has allowed the plea of the Committee of Creditors (CoC) of Amtek Auto for granting extension to the extent that, fresh bids may be invited by the Resolution Professional from potential resolution applicants. Solicitor General Tushar Mehta appearing for the CoC of Amtek, asked for an extension of 90 days for completing resolution process. He contended that the...

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