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SREI DEBT RESOLUTION
NARCL rejigs boards of Srei twin companies after acquisitionThe government-backed asset reconstruction company appointed Shamik Roy, a veteran in the distressed loan segment who was earlier with HCC,...- NARCL finalises acquisition of two SREI companies"This would be one of the largest time-bound resolutions in recent years," NARCL managing director N Sundar was quoted as saying in a press...
- IMC constituted to supervise NARCL resolution plan for Srei group firmsAs per the approved resolution plan, it said, "an implementation and monitoring committee has been constituted (IMC), which is inter alia e...
- NARCL likely to wind up Srei group's equipment finance arm; retain SIFL for business continuityAfter acquiring Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL) through NCLT, the National Asset Reconstructio...
- CCI approves SREI Infra Finance's acquisition by NARCL, IDRCLThe Competition Commission of India (CCI) has approved the acquisition of Srei Infrastructure Finance by National Asset Reconstruction Comp...
- Srei resolution: Varde Partners-Arena consortium submits revised bid, CoC voting after plan viability reportA consortium of alternative investment firm Varde Partners and institutional asset manager Arena has submitted a revised bid for the debt-l...
- 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...
- NARCL interested in taking over loan accounts of debt-ridden Srei: OfficialThe development comes at the time when the resolution is at an advanced stage, and financial bids are expected to be submitted latest by Au...
- Srei lenders to consider selling assets to ARCs to hasten recoveryA joint lenders' meeting will take place on Monday to consider this, Uco Bank managing director Soma Sankara Prasad said. Uco Bank is one o...
- 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...
- Sebi tells trustees to follow its norms in votes on resolutionSebi rules say that all bondholders have to vote for a resolution to pass. That is contrary to the IBC rules, which allow voting to be done...
- 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...
- 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...
- 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...
- 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...
- Nabard, Sidbi, IFCI to take a hit from Srei troublesIFCI is a lender to the core sector and infrastructure finance companies. Nabard is the refinance bank for the country's agriculture needs,...
- Srei Infra CEO Rakesh Bhutoria resignsThe lack of decision making by lenders in clearing salary arrears has led to the loss of professional talent, ultimately leading to the top...
- NCLT rejects Srei plea for ‘creditor’ status in Deccan Chronicle caseThe Kolkata-based infrastructure finance firm had earlier moved the tribunal against the decision of the interim resolution professional te...
- 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 ...
- Srei Infra’s Rs 215-cr offer for Adhunik Alloy disqualifiedSrei Infrastructure had bid with three other applicants for Adhunik Alloy, one of the four companies of Adhunik group facing bankruptcy pro...
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