 "Liberty House, ABG Shipyard, acquistion")
The lenders to debt-ridden ABG Shipyard have rejected the resolution plan by Liberty House, the London-based metals group founded by India-born billionaire Sanjeev Gupta, perhaps paving the way for liquidation of the ship building company.
The firm, in a filing with the BSE, said the committee of creditors (CoC) took stock of and voted on the resolution plan submitted by Liberty House Group, pursuant to the second bid (April 23, 2018). The same was rejected by the members with the requisite majority.
The firm is under bankruptcy proceedings at the National Company Law Tribunal (NCLT). Lenders to the
The firm, in a filing with the BSE, said the committee of creditors (CoC) took stock of and voted on the resolution plan submitted by Liberty House Group, pursuant to the second bid (April 23, 2018). The same was rejected by the members with the requisite majority.
The firm is under bankruptcy proceedings at the National Company Law Tribunal (NCLT). Lenders to the
