Gayatri Projects

Gayatri Projects: Gayatri Projects promoters file plea against liquidation

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Gayatri Projects: Gayatri Projects promoters file plea against liquidation

Mumbai: Promoters of distressed engineering, procurement and construction (EPC) company Gayatri Projects (GPL) made a nearly ₹750 crore offer to creditors seeking to settle dues worth ₹9,115 crore after banks filed for the company’s liquidation. However, a successful outcome is far from easy as any settlement with promoters under Section 12A of Insolvency and Bankruptcy … Read more

Gayatri Projects: Creditors vote to liquidate Gayatri Projects after rejecting sole bid

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Gayatri Projects: Creditors vote to liquidate Gayatri Projects after rejecting sole bid

Mumbai: Creditors to Gayatri Projects (GPL), promoted by former Rajya Sabha MP T Subbarami Reddy, have voted to initiate liquidation proceedings against the company after rejecting the only bid from private equity fund Mark AB Capital Investment LLC, people familiar with the matter said. Mark AB was offering a total of ₹650 crore, of which … Read more