Alok Industries’ insolvency pro calls for fresh bids to attract more players – Economic Times

MUMBAI: The insolvency professional supervising the Alok Industries bankruptcy process has called for fresh bids to resolve the Rs 29,000-crore default in the hope of attracting more bidders for the textile company, said two people with knowledge of the matter. “Alok was the only company among the 12 listed by Reserve Bank of India (RBI)…