GVK Power and Infrastructure Ltd Faces Insolvency
GVK Power and Infrastructure Ltd (GVKPIL) faces insolvency after ICICI Bank-led lenders' petition to NCLT. GVKPIL disclosed liabilities of USD 1.84 billion (Rs 15,576 crore) as of June 2022, including USD 1.13 billion principal, USD 731.57 million interest, and USD 144,000 agency fee. The court appointed Satish Kumar Gupta as interim resolution professional amid ongoing proceedings.
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