The raids by about 50-60 ED officer are involved in the raids, which began at around 8.30 am with a large number of central forces on guard...

Amid this, the appellate tribunal of the bankruptcy court again rejected an application from Adisri Commercial, the holding company of Srei...

Srei’s administrator, Rajnish Sharma, had invited lenders to vote on the three plans – National Asset Reconstruction Company NARCL, Authum ...

Separately, the National Asset Reconstruction Company (NARCL), the highest bidder, is awaiting clarity on the payment terms from its owner,...

Most Srei lenders, including State Bank of India, will prefer to vote for the government-promoted bad bank since it has given the highest o...

A consortium of alternative investment firm Varde Partners and institutional asset manager Arena has submitted a revised bid for the debt-l...

Govt owned ARC is offering Rs 5555 crore for Srei on NPV basis. Authum is offering Rs 5526 crore while Arena-Varde is offering Rs 4,600 cro...

Lenders 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...

The Consolidated Committee of Creditors (CoC) of twin Srei companies may take two-three days to select the resolution plan from among three...

NARCL has appointed Alvarez and Marsal to advise it on submitting the plan for Srei. EY is advising the Srei administrator on the resolutio...

Since the terms of the RFP are modified, the administrator is required to issue fresh expressions of interest (EoI) to allow others to bid....

A majority of lenders did not favour accepting a non-compliant EMD since that would require changing the terms of the RFP and reinviting bi...

Terms of the request for proposal (RFP) required both offers – by Arena Investors in partnership with Varde Partners, and Shon Randhawa wit...

The last day to make an offer for Srei Infrastructure Finance and Srei Equipment Finance has now been extended to August 19, giving other a...

At a meeting of the committee of creditors held on Wednesday, most lenders voted to extend the deadline for receiving resolution plans to A...

The Srei group had forwarded the proposal to RBI for a review a couple of months ago, the executives said. Arena is an institutional asset ...

Bharti Airtel, Reliance Jio, Varde Capital and UV Asset Reconstruction Company have submitted bids to buy assets of debt-ridden Reliance Co...