This is to inform you that Amtek Auto Limited (AAL) is under Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code 2016 (IBC Code) in terms of order passed by the Honble National Company Law Tribunal (NCLT) Chandigarh Bench with effect from 24.07.2017.
Pursuant to the honble Supreme Court order dated 2nd December 2019 the Resolution Professional had requested for Resolution Plans to be submitted for the Resolution of Amtek Auto Limited. The Resolution plans received were discussed by the members of the CoC of AAL in the meeting dated 06.01.2020 and Deccan Value Investors (hereinafter referred to as DVI or Resolution Applicant) was declared as Preferred bidder / H1 bidder for AAL subject to DVI satisfactorily addressing the key commercial issues and legal issues highlighted by the CoC and ensuring compliance to provisions of the IBC and the Process Note issued.
You are requested to kindly take the same on record and oblige.
वैल्यू रिसर्च से पूछें 
New Process Alert 
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