The current rules governing the Swiss Challenge process are lopsided, favouring the anchor bidder, and stymie the basic objective of value maximisation by the lenders of a stressed asset.This is the opinion of various banking and industry .
The Swiss Challenge process run by the lenders of Vidarbha Industries Power Ltd. (VIPL) has run into a controversy due to certain conditions laid down in the EOI document for the potential bidders.The bidders have called these conditions as .
The Swiss Challenge process run by the lenders of Vidarbha Industries Power Ltd. (VIPL) has run into a controversy due to certain conditions laid down in the EOI document for the potential bidders.