India: IVRCL lenders eye asset sales to recover dues ahead of finding new owner

India: IVRCL lenders eye asset sales to recover dues ahead of finding new owner

IVRCL CMD Sudhir Reddy. Photo: K. Sudheer/Hindustan Times/ Livemint

Creditors of debt-laden infrastructure developer IVRCL Ltd will first try to sell the company’s assets through a piecemeal approach to recover dues before looking for a new owner for the company, two people familiar with the development said.

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