Lenders for the debt-ridden GVK Power and Infrastructure are initiating a second insolvency process, opting to sell individual assets like ...

NCLT initiated insolvency proceedings against GVK Energy following IDBI Bank's application for a Rs 1,106 crore debt, stemming from a corpo...

NCLT has approved Radha Smelters Pvt Ltd's resolution plan to acquire GVK Gautami Power Ltd for around Rs 207 crore, resolving Rs 2,759 cro...

ICICI Bank had petitioned the court in November 2020 to pursue the recovery of its $1.35 billion lent through its Dubai, Bahrain and Singap...

NCLT appointed Satish Kumar Gupta as an interim resolution professional for managing the company during pendency of the insolvency. "The co...

The anti-trust regulator said PSPCL, a fully owned undertaking of the Punjab government, intends to take over GVK Power (Goindwal Sahib), w...

Last week, lenders unanimously voted on a resolution plan given by Punjab State Power Corp (PSPCL), said the people cited above. KPMG-backe...

"NCLT, Hyderabad bench, during its hearing on October 20 initiated insolvency proceedings under The lnsolvency and Bankruptcy Code, 2016 fi...

GVK Power (Goindwal Sahib) has a 25-year power purchase agreement with PSPCL and now it is the sole bidder for the Punjab-based company. In...

GVK Power and Infrastructure is the parent company of GVK Power (Goindwal Sahib). The RP did not respond to ET’s request for comments. GVK ...

Debenture holders have moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against GVK Power and Infrastructu...

This is the second company of the GVK group, after GVK Industries, that has entered insolvency proceedings. The company has a debt of aroun...

The amount involved in the resolution process of personal guarantors to corporate debtors is substantial. As of March 2022, 926 application...

In this case, banks still have the option of recovery through the insolvency process as Axis Bank had already filed a petition in the Natio...

The group of lenders led by IDBI Bank has moved NCLT Hyderabad seeking insolvency proceedings against the GVK Power and Infra arm.

A high-level empowered committee considered these special dispensations to the troubled projects to help their lenders recover a fair value.

These include loans to Binani Cement, Essar Steel and Bhushan Power.