NCLT approves NARCL's resolution plan for two Srei group firmsThe NCLT has orally pronounced an order on August 11 approving the resolution plan submitted by NARCL with respect to the corporate insolve...
11 Aug, 2023, 08.53 PM IST
Kolkata NCLT approves NARCL plan to acquire twin Srei companies under IBCThis will be the first acquisition of NARCL after it was formed two years ago with the aim to acquire bad loans from Indian banks. NARCL, w...
11 Aug, 2023, 01.47 PM IST
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 ...
02 Mar, 2023, 07.23 PM IST
NCLT admits insolvency plea against Nirmal Lifestyle KalyanKolkata-based Srei Equipment Finance Ltd had approached the Mumbai bench of the National Company Law Tribunal (NCLT) after Nirmal Lifestyle...
21 Jun, 2022, 10.07 AM IST
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 ...
05 Mar, 2022, 09.54 AM IST
Srei promoters move NCLT, contesting KPMG forensic auditThe company's bankers had tasked KPMG to carry out a forensic audit in March last year as they were considering a loan recast. An RBI speci...
16 Feb, 2022, 12.50 AM IST
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...
10 Jan, 2022, 11.05 PM IST
A merger of Srei companies' debt could boost recoveryLenders to the bankrupt Srei Group are hoping that consolidation of the two debt-laden companies - Srei Infrastructure Finance and Srei Equ...
10 Dec, 2021, 10.52 AM IST
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 ...
08 Nov, 2021, 06.26 AM IST
RBI's decision to supersede boards of Srei group cos will prevent domino effect: ExpertsThe National Company Law Tribunal (NCLT) on Friday admitted the insolvency pleas moved by banking sector regulator RBI against the two Srei...
10 Oct, 2021, 02.39 PM IST
NCLT Kolkata bench admits RBI's petition against Srei group of companiesThe National Company Law Tribunal (NCLT) admitted the bankruptcy pleas against Srei Infrastructure Finance (SIFL) and its wholly owned subs...
08 Oct, 2021, 07.57 PM IST
Srei lenders, second casualty of IL&FS implosion, now await a tense futureThe woes of both the beleaguered DHFL and Srei entities arise from the collapse of IL&FS. The liquidity crisis after the collapse of IL&FS ...
06 Oct, 2021, 01.46 PM IST
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...
13 Jul, 2021, 11.19 AM IST
CARE to challenge NCLT’s freeze on Srei downgradeThe rating agency is likely to make securities market regulator Sebi a party to the matter that follows a preemptive court move on the rati...
25 Jan, 2021, 08.24 AM IST
NCLT Approves Srei Vision Fund’s Acquisition of Kitply IndustriesThe committee of creditors had on October 2018 approved the Rs 175-crore resolution plan submitted by Srei Multiple Asset Investment Trust ...
12 Dec, 2018, 01.04 PM IST
Essar lenders to move court against Odisha slurry pipeline sale by SreiOdisha Slurry Pipeline ownership has changed hands twice in the past few years.
12 Feb, 2018, 10.09 AM IST
NCLAT stays Sree Metaliks' resolution plan after appeal by Srei Equipment FinanceThe Resolution Plan, was approved by the committee of creditors with a voting share of 78.53%. The plan promised to repay the principal amo...
28 Nov, 2017, 07.37 PM IST