Lenders to sell Wind World (India) debt to NARCL, recover 18% dues
National Asset Reconstruction Company (NARCL) emerged as the winning bidder in an uncontested Swiss challenge auction for a majority debt of Wind World (India). NARCL offered Rs 670 crore to acquire Rs 3763 crore debt from lenders, providing an 18% recovery. The resolution process faced delays due to Covid-19 and internal disputes within the company.
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