Blackstone ARC defaults on resolution plan for road asset, could face action
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Blackstone ARC defaults on resolution plan for road asset, could face action

By Beena Parmar

  • 01 Jun 2022
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Blackstone ARC defaults on resolution plan for road asset, could face action
Credit: 123RF.com

Blackstone-backed International Asset Reconstruction Company (IARC) has opted out of its resolution plan for a southern stressed toll road asset, which is set to be liquidated under the bankruptcy process.  A Hyderabad bench of the National Company Law Tribunal (NCLT) has ordered for liquidation of debt-laden Transstroy Tirupati Tiruthani Chennai Tollways ......

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