The last date for submission of the Expression of Interest (EoI) for a resolution plan for IVRCL has been extended to June 4.
Sutanu Sinha, Insolvency Resolution Professional appointed by the National Company Law Tribunal, in a notification has informed that the deadline has been extended to facilitate potential resolution applicants to submit their plan for resolution of IVRCL.
The Hyderabad-based infrastructure company, is engaged in litigation with lenders who have filed a case against the company for recovery of dues.
As a part of its efforts to find a resolution plan, the IRP had invited EoI on May 9 through an advertisement, seeking interest from potential suitors.
It had set May 30 deadline for submitting resolution plan. However, the IRP thought it fit to extend it till June 4, to facilitate submission of EoI.
Published on May 28, 2018
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