 "Liberty House, Sanjeev Gupta")
Lenders to insolvent Amtek Auto might approach the National Company Law Tribunal (NCLT) to find a new bidder for the entity. UK-based Liberty House, which won the earlier bid for the insolvent company in July, has missed a deadline to pay the banks.
“Amtek Auto has moved into advanced stages of resolution, but time is running out for recoveries. This is worrying for us, since the amounts expected on this account are substantial,” said an executive of a public sector bank among Amtek’s lenders.
Sanjeev Gupta-led Liberty House was to pay lenders Rs 48.1 billion by October, according to the
