ABG Shipyard has said it is still seeking a new investor as speculation mounts over its future.
It was responding to a report on CNBC TV 18 that lenders are likely to invite public bids for the business if this fails.
ABG said it and the banks were still working on bringing in new money, with talks ongoing with "several parties."
It has been trying to bring in Abu Dhabi Mar’s Privinvest Holding as a new owner since last year.
ABG