Insolvency row: Liberty House highest preferred bidder for Amtek Auto India

This follows the corporate insolvency resolution process of Amtek Auto that began on 24 July, 2017

Liberty House, part of Sanjeev Gupta's global industrial group GFG Alliance, has been chosen as highest preferred bidder for Amtek Auto's assets, which include 35 automotive component plants across India, Japan, Thailand and Spain, employing 6,000 people.

The announcement of Liberty House as the successful preferred bidder was made in the committee of creditors meeting held on March 6, 2018, and confirmed by the Resolution Professional on March 7, 2018.

This follows the corporate insolvency resolution process (CIRP) of Amtek Auto that began on 24 July, 2017. Amtek Auto is one of the 12 large insolvency cases that the key lenders took