 "IRPs spar over Videocon Industries mandate")
The appointment of an Insolvency Resolution Professional (IRP) for Videocon Industries has sparked a row among top audit companies, with Alvarez & Marsal winning the bid but some others complaining that their bids were far lower.
The lenders, led by State Bank of India, invited bids from top audit and consulting companies Alvarez & Marsal, Deloitte, Price Waterhouse, KPMG, Grant Thornton, EY and BDO. These firms made presentations highlighting their experience in handling debt resolution.
On Friday, Alvarez & Marsal (A&M) was selected but a couple of IRPs said their bids were lower than the winning bid.
The lenders, led by State Bank of India, invited bids from top audit and consulting companies Alvarez & Marsal, Deloitte, Price Waterhouse, KPMG, Grant Thornton, EY and BDO. These firms made presentations highlighting their experience in handling debt resolution.
On Friday, Alvarez & Marsal (A&M) was selected but a couple of IRPs said their bids were lower than the winning bid.
