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SREI ADMINISTRATOR
Majority of Srei lenders vote for NARCL offerLate evening on Tuesday, its administrator informed lenders that 89.2% of verified creditors voted in favour of NARCL’s resolution plan, wh...- Srei insolvency: Kanorias' offer to pay off dues rejected under technical groundSrei Equipment Finance Ltd and Srei Infrastructure Finance Ltd are currently undergoing insolvency proceedings in NCLT. The RBI has already...
- Voting on top bidder for troubled Srei companies likely to face delaysSeparately, the National Asset Reconstruction Company (NARCL), the highest bidder, is awaiting clarity on the payment terms from its owner,...
- NARCL, Arena-Varde, Authum offer resolution plans for SreiNARCL has appointed Alvarez and Marsal to advise it on submitting the plan for Srei. EY is advising the Srei administrator on the resolutio...
- Srei companies, RCap may get more resolution offersSrei Infrastructure Finance and Srei Equipment Finance (SEFL) generated a lot of interest among potential bidders after the administrator r...
- NCLT extends IRP for Srei Infra till January 5"National Company Law Tribunal, Kolkata bench has extended the time of completion of Corporate Insolvency Resolution Process till 5th Janua...
- 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.
- Lenders invite fresh resolution plans for Twin Srei companiesLenders of twin Srei companies passed resolutions to lower the earnest money deposits (EMD) to ₹50 crore from ₹150 crore and the performanc...
- Lenders' Dilemma: Restart Srei sale or review non-compliant bidsA majority of lenders did not favour accepting a non-compliant EMD since that would require changing the terms of the RFP and reinviting bi...
- Srei administrator extends deadline for bids after receiving two offersThe last day to make an offer for Srei Infrastructure Finance and Srei Equipment Finance has now been extended to August 19, giving other a...
- Srei lenders extend bid timeline to July 30The committee of creditors took both decisions on June 24, the people said. Earlier, Rajneesh Sharma, the administrator of Srei Infrastruct...
- Srei group transaction auditor reports about Rs 3,025 cr-fraudThe Srei group companies, which are undergoing corporate insolvency resolution process, came under duress during the Coronavirus-induced lo...
- 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 ...
- Trinity Alternative Investments says no illicit transactions with Srei Group entitiesLast week, reports said the RBI-appointed administrator Rajneesh Sharma has moved the Kolkata bench of the National Company Law Tribunal (N...
- RBI-appointed administrator moves court to retain Srei control over TrinitySrei Infrastructure Finance, the main Srei company, holds 51% in Trinity, and the balance 49% equity is held by Payaash Capital, a Singapor...
- Lenders begin voting on group insolvency of 2 Srei companiesLenders of Srei Infrastructure Finance and Srei Equipment are currently voting on a proposal by administrator Rajneesh Sharma to undertake ...
- 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...
- RBI retains advisory committee on Srei group companiesThe members of the committee are: R Subramaniakumar (Former MD & CEO, Indian Overseas Bank), T T Srinivasaraghavan (Former Managing Directo...
- Srei Group Promoters move Bombay HC against RBI insolvency actionSrei group promoters are seeking stay on any insolvency proceedings at group companies Srei Infrastructure Finance Ltd and Srei Equipment F...
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