Three bidders in fray to acquire Morarjee Textiles – ET Retail
Ashok Piramal Group‘s Morarjee Textiles has received three bids to take over the company in a court monitored bankruptcy process, people familiar with the details said. Morarjee owes creditors, led by Indian Bank, Rs 760 crore. Last month, resolution professional Ravi Sethia received bids from Mumbai-based realtor Dev Land and Housing, Nagpur-based Nirmal Ujjwal Credit…