Deccan Value Investors want 'win-win' solution for Amtek: Hedge fund's exec

Lenders must fulfill conditions that they signed with the auto parts maker, says Vinit Bodas.

Deccan Value Investors (DVI), the US-based hedge fund, has said it is ready to do a deal with Amtek Auto but lenders must fulfill conditions they signed with the Indian auto parts maker undergoing insolvency proceedings.

Deccan triggered a force majeure clause in Amtek Auto's debt resolution case in September, citing deteriorating performance of the corporate debtor in the wake of the Covid-19 pandemic.

“We are and will always remain ready to do the deal as soon as the lenders fulfill the conditions that they themselves signed,” Vinit Bodas, Managing Partner at DVI, told Business Standard.

There were three contingencies