GVK Power & Infrastructure Limited has informed the Exchange about Corporate Insolvency Resolution Process
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GVK Power & Infrastructure, currently under Corporate Insolvency Resolution Process (CIRP), has informed the exchanges that the timeline for submitting Expression of Interest (EOI) from potential resolution applicants has been extended by one week. The revised Form-G was published on July 8, 2025. Key revised dates include: last date for EOI submission extended to July 15, 2025, final list of resolution applicants by August 9, 2025, and last date for resolution plan submission extended to September 13, 2025. The CIRP commenced on May 10, 2025. The company's assets include holdings in GVK Perambalur SEZ, GVK Airport Developers, and GVK Energy.
The extension signals that the resolution process is taking longer than initially planned, which is common in complex insolvency cases. Shareholders face continued uncertainty as the future ownership and structure of the company hinges on which resolution applicant's plan gets approved by the NCLT. Existing equity could face significant dilution or extinction depending on the resolution plan terms.