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Housing Improvement and Infrastructure Ltd (HDIL) is underneath Company Insolvency Decision Course of (CIRP) pursuant to the provisions of the Insolvency and Chapter Code, 2016.
Disaster-hit realty agency HDIL, which is dealing with insolvency proceedings, on Friday stated its decision skilled has acquired 16 bids from 9 candidates to accumulate the corporate.
In a regulatory submitting, HDIL knowledgeable that “the Decision Skilled of the corporate has acquired sixteen decision plans from 9 Potential Decision Candidates (PRAs).” Nonetheless, one of many candidates has submitted the plan with out the requisite earnest cash deposit as required.
“The Decision Skilled is within the means of analyzing the decision plans in accordance with the provisions of the Insolvency and Chapter Code, 2016, and Laws framed thereunder,” the submitting stated.
Housing Improvement and Infrastructure Ltd (HDIL) is underneath Company Insolvency Decision Course of (CIRP) pursuant to the provisions of the Insolvency and Chapter Code, 2016.
Its affairs, enterprise and property are being managed by the Decision Skilled Abhay N Manudhane, who was appointed by Nationwide Firm Regulation Tribunal (NCLT), Mumbai, by way of an order dated August 20, 2019.
The Mumbai bench of NCLT had directed to provoke insolvency proceedings towards HDIL, after permitting the plea filed by Financial institution of India, claiming default of a mortgage of Rs 522 crore by the realty agency.
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