5 firms interested in Monnet Power

5 firms interested in Monnet Power

Monnet Power, which is facing bankruptcy proceedings, has received expressions of interest from five companies, said two senior officials. Jindal Steel, ACB India, Sterlite Power Transmission,

Heading for liquidation? No bidders for Monnet Power

Heading for liquidation? No bidders for Monnet Power

Bankrupt Monnet Power appears headed to liquidation with no bidder turning up on the final day to submit bids, which also raises questions about faith in the administration’s ability to resolve the stress in the sector, said two people familiar with the matter.