HDIL insolvency: Financial creditors to meet on March 9-10 to discuss bids

Monetary collectors of HDIL will meet on March 9-10 to debate bids for buying the crisis-hit realty agency by way of insolvency proceedings.

In a regulatory submitting on Saturday, HDIL’s Decision Skilled Abhay N Manudhane knowledgeable that the “Twenty-Third assembly of Committee of Collectors might be held on ninth March 2022 and shall proceed on tenth March 2022.”

The submitting didn’t point out concerning the agenda of the assembly.

Final month, HDIL had knowledgeable that its decision skilled has obtained 16 bids from 9 candidates to amass the corporate.

“The Decision Skilled of the corporate has obtained sixteen decision plans from 9 Potential Decision Candidates (PRAs), HDIL had mentioned.

Housing Growth and Infrastructure Ltd (HDIL) is beneath Company Insolvency Decision Course of (CIRP) pursuant to the provisions of the Insolvency and Chapter Code, 2016.

Its affairs, enterprise and property are being managed by the Decision Skilled Abhay N Manudhane, who was appointed by Nationwide Firm Legislation Tribunal (NCLT), Mumbai, by way of an order dated August 20, 2019.

The Mumbai bench of NCLT had directed to provoke insolvency proceedings in opposition to HDIL, after permitting the plea filed by Financial institution of India, claiming default of a mortgage of Rs 522 crore by the realty agency.

(Solely the headline and movie of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)

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