Erstwhile Srei management moves NCLT for consideration of its settlement offerAdisri in its petition to NCLT requested the tribunal to direct administrator to consider its settlement application under the Section 12A ...
Authum plea seeks to stall NARCL’s bid for Srei cosIn its plea to the court which was filed on Tuesday, Authum has sought a revision of what it calls is a flawed evaluation matrix to judge i...
NCLAT lets RP Act on Nirmal Lifestyle arm caseThe tribunal said the CoC may take a call regarding finding out ways and means to complete the stalled projects of Nirmal Lifestyle (Kalyan...
NARCL highest NPV bidder with Rs 5,555-cr offer in Srei resolutionThe government-backed National Asset Reconstruction Company Ltd has taken lead in taking over two stressed entities of the Srei group as it...
Srei lenders to hold challenge auction Tuesday to select winnerLenders have set a threshold value of ₹3,000 crore as upfront payment - the minimum a resolution applicant must pay to be in the fray, said...
Srei CoC offers window for resolution applicants to revise bids by December 15The Kolkata-based Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL), which are undergoing a resolution process i...
Srei CoC evaluates bids, finalisation likely in 2-3 daysThe Consolidated Committee of Creditors (CoC) of twin Srei companies may take two-three days to select the resolution plan from among three...
Differences emerge between lenders, advisors over resolution plan options for RCL; lenders meet on TuesdayDeloitte, the process advisor of Reliance Capital Ltd (RCL) Administrator Y Nageshwar Rao, is of the opinion that the value of the bids is ...
Capri Global enters the race for twin Srei companiesSrei administrator Rajnish Sharma reinvited expressions of interest by the end of September, while Capri Global submitted EoI on October 14.
Deadline to submit Reliance Capital resolution plans likely to be extendedRCap had initially received 54 expressions of interest (EOIs) from different companies for its multiple assets. Out of the 54 Prospective R...
Consultants, audit firms vie for Srei resolution pieSBI Capital Markets and BoB Capital Markets are locked in a tough battle to be a process advisor to the committee of creditors (CoC). This ...
NCLAT sets aside NCLT order approving Srei's resolution plan for Deccan Chronicle HoldingsA two-member bench said the order of the Hyderabad bench of the National Company Law Tribunal (NCLT) on June 3, 2019, approving the bid was...
Srei's creditors looking at consolidating all debtBankers are contemplating consolidating the total debt of two Srei companies - Srei Infrastructure Finance and Srei Equipment Finance - for...
Srei Administrator to seek lenders' nod to control cash flows of two bankrupt companiesThe mandate is being sought based on an internal assessment by lenders led by UCO Bank that the promoters - the Kanoria brothers - allegedl...
NCLT directs Deccan Chronicle's RP to hold CoC meeting on resolution planAsking the CoC to decide whether to proceed with the resolution plan of Kolkata-based Srei group which was approved in June 2019, the tribu...
NCLAT directs liquidation of KS Oils, pulls up NCLT for lapse of 981 daysThe National Company Law Appellate Tribunal (NCLAT) has directed to initiate liquidation process of leading integrated edible oil company K...
ArcelorMittal completes Rs 2,350-cr acquisition of Odisha Slurry Pipeline InfrastructureLenders received the payment last week ensuring recovery of loans that were due for more than five years. Odisha Slurry runs a 253-km long ...