Bid deadline extended for Daewoo India assets

Newswire

NEW DELHI, Dec 19 (Reuters) - Potential buyers of assets of bankrupt Daewoo Motors India Ltd have won an extension of three or four weeks in which to submit bids, an official from a creditor bank told Reuters on Thursday. A court receiver is attempting to sell the assets of the company, which was 91.6 percent held by South Korea's failed Daewoo Corp, in six parts to repay creditors, after its sale as a stand-alone firm evoked no interest. The official at the bank, a large lender to the ...

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