Deccan Worth Buyers need ‘win-win’ resolution for Amtek: Hedge fund’s exec

2020/10 11 09:10

Lenders should fulfill circumstances that they signed with the auto elements maker, says Vinit Bodas.

Matters
Amtek Auto | NCLAT | NCLT

Deccan Worth Buyers (DVI), the US-based hedge fund, has stated it is able to do a cope with Amtek Auto however lenders should fulfill circumstances they signed with the Indian auto elements maker present process insolvency proceedings.

Deccan triggered a pressure majeure clause in Amtek Auto’s debt decision case in September, citing deteriorating efficiency of the company debtor within the wake of the Covid-19 pandemic. “We’re and can all the time stay able to do the deal as quickly because the lenders fulfill the circumstances that they themselves signed,” Vinit Bodas, Managing Companion at DVI, …




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First Printed: Solar, October 11 2020. 13:55 IST




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