{"id":638986,"date":"2024-03-19T10:45:34","date_gmt":"2024-03-19T05:15:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=638986"},"modified":"2024-03-19T10:45:34","modified_gmt":"2024-03-19T05:15:34","slug":"creditors-seek-more-in-liberty-oil-debt-auction","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/creditors-seek-more-in-liberty-oil-debt-auction\/","title":{"rendered":"Creditors seek more in Liberty Oil debt auction"},"content":{"rendered":"<p>Mumbai: Bank of India, a creditor to the bankrupt Liberty Oil Mills, is gearing up for a Swiss auction tied to a binding bid that guarantees 66% recovery of the book value. Phoenix ARC has made a bid of \u20b982 crore for the \u20b9126 crore loan, leading the lender to schedule a Swiss auction on March 22 to explore further bids.<\/p>\n<p>The auction, set with a reserve price of \u20b982 crore and a minimum markup requirement of 5%, has asked for counter bids starting at \u20b986 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Bank of India, a creditor to the bankrupt Liberty Oil Mills, is gearing up for a Swiss auction tied to a binding bid that guarantees 66% recovery of the book value. Phoenix ARC has made a bid of \u20b982 crore for the \u20b9126 crore loan, leading the lender to schedule a Swiss auction on March 22 to explore further bids. The auction, set with a reserve price of \u20b982 crore and a minimum markup requirement of 5%, has asked for counter bids starting at \u20b986 crore.<\/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":[130,191,136],"tags":[],"class_list":["post-638986","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/638986","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=638986"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/638986\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=638986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=638986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=638986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}