{"id":434523,"date":"2021-09-07T11:08:10","date_gmt":"2021-09-07T05:38:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434523"},"modified":"2021-09-07T11:08:29","modified_gmt":"2021-09-07T05:38:29","slug":"no-takers-for-videocons-energy-biz-september-30-new-deadline-for-resolution","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-takers-for-videocons-energy-biz-september-30-new-deadline-for-resolution\/","title":{"rendered":"No takers for Videocon\u2019s energy biz; September 30 new deadline for resolution"},"content":{"rendered":"<p>A consortium of lenders is yet to receive any bids for the sale of debt-laden Videocon group\u2019s energy business, even though a couple of firms had expressed interest earlier. Following this, the Committee of Creditors (CoC), led by SBI, has decided to extend the deadline for Videocon Oil Ventures\u2019 (VOVL\u2019s) resolution process till September 30, sources close to the development said.<\/p>\n<p>Any delay in selling the assets of VOVL, which is engaged in oil and gas extraction through global subsidiary firms, would hold up the entire resolution process of the parent company, Videocon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of lenders is yet to receive any bids for the sale of debt-laden Videocon group\u2019s energy business, even though a couple of firms had expressed interest earlier. Following this, the Committee of Creditors (CoC), led by SBI, has decided to extend the deadline for Videocon Oil Ventures\u2019 (VOVL\u2019s) resolution process till September 30, sources close to the development said. Any delay in selling the assets of VOVL, which is engaged in oil and gas extraction through global subsidiary firms, would hold up the entire resolution process of the parent company, Videocon.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-434523","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=434523"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434523\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}