Insolvency proceedings: Sanjeev Gupta front-runner for stressed companies

Gupta said Liberty House would fund these acquisitions through a mix of equity and debt, and it would be asset-specific

When Sanjeev Gupta left Ludhiana, Punjab, in the early 1980s to study in the UK as an 11-year-old, not many would have thought he would return three decades later to emerge as the biggest saviour of multiple Indian companies facing insolvency proceedings in Indian courts.

Today, 46-year-old Gupta-owned Liberty House is a strong contender to take over auto parts maker Amtek Auto, ship builder ABG Shipyard and steel companies Bhushan Power & Steel and Adhunik Metaliks.

While litigation in these insolvency cases will take some time to resolve and one can expect more surprises on the way, Gupta has made