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...

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

Srei administrator Rajnish Sharma reinvited expressions of interest by the end of September, while Capri Global submitted EoI on October 14.

After lenders restarted the sale process of Srei Equipment Finance and Srei Infrastructure Finance, administrator Rajnish Sharma had set a ...

Lenders of twin Srei companies passed resolutions to lower the earnest money deposits (EMD) to ₹50 crore from ₹150 crore and the performanc...

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...

"This is to inform you that the 13th (Thirteenth) meeting of the Consolidated Committee of Creditors of Srei Infrastructure Finance Limited...

Late Friday evening, administrator Rajnish Sharma informed potential applicants about the deadline extension. He said the resolution plans ...

Administrator Rajnish Sharma received two plans on Wednesday - one from Arena Investors in partnership with a Varde Partners affiliate and ...

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...

Cong-led govt in the state will seek a legal opinion on reopening the murder case of ex-RSS pracharak Sunil Joshi.

On the performance front too, Shikha Sharma had little to talk about with the bank struggling to contain bad loans leading to analysts ques...

The government’s latest announcement is a follow through of its measures against black money post the September 30 deadline for the Income ...

Rai also alleged that Pande tried to delink the Sohrabuddin and the Tulsi Prajapati case since facts were uncomfortable for him.