State-owned Canara Bank, the lead bank in a consortium of lenders to Mumbai-based Indira Container Terminal, has invited counter-bids from interested entities on an allcash structure for recovering the dues of secured creditors to the company in a kind of Swiss challenge auction.
In this auction, a settlement offer from the promoters of the company is the anchor bid.
Other lenders in the consortium include Punjab National Bank, Central Bank of India, and India Infrastructure Finance Company.
The auction notice states the consortium desires to conduct a Swiss challenge process against the anchor bid in order to find a better one through online e-auction, for recovering the outstanding dues of the secured creditors, together with further interest, charges, costs, etc.
هذه القصة مأخوذة من طبعة August 06, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 06, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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