 "HDIL to garner Rs 750 cr from Mumbai land deals")
Adani Properties, Suraksha Asset Reconstruction and Sunteck Realty are among six players which have shown initial interest to acquire debt-laden HDIL through the insolvency resolution process, according to a regulatory filing.
Adani Properties and Suraksha group had participated in the insolvency resolution process of Jaypee Infratech, which eventually was acquired by the state-owned NBCC.
HDIL is under corporate insolvency resolution process (CIRP) pursuant to the provisions of the Insolvency and Bankruptcy Code (IBC), 2016.
In a regulatory filing, Housing Development and Infrastructure Ltd (HDIL) shared the provisional list of prospective resolution applicants.
The invitation for expressions of interest (EOI) for resolution applicants was first
