Searched for
SREI RESOLUTION
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...
- 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...
- 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...
- Srei voting process on 3 resolution plans to begin on January 19"All legal approvals are in place and the voting process will begin tomorrow. Three resolution plans received under the challenge mechanism...
- 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...
- NARCL highest NPV bidder with Rs 5,555-cr offer in Srei resolutionThe government-backed National Asset Reconstruction Company Ltd has taken lead in taking over two stressed entities of the Srei group as it...
- Lenders of two Srei companies extend offer deadline by a monthAfter lenders restarted the sale process of Srei Equipment Finance and Srei Infrastructure Finance, administrator Rajnish Sharma had set a ...
- Srei companies' resolution applicants fail to deposit earnest moneyTerms of the request for proposal (RFP) required both offers – by Arena Investors in partnership with Varde Partners, and Shon Randhawa wit...
- Srei group receives two resolution plans"This is to inform you that the 13th (Thirteenth) meeting of the Consolidated Committee of Creditors of Srei Infrastructure Finance Limited...
- 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...
- 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 to retain cash on books till companies get soldThis is a variation from the past resolutions wherein the bidders were beneficiary of the earnings accrued during the corporate insolvency ...
- 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 ...
- Advocacy group FCRP flags concerns over resolution professional appointment in Srei matterThe RBI superseded the two companies' boards on October 4, 2021, citing governance issues and defaults. On October 8, the RBI referred thes...
- 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...
- 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...
- 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 ...
- 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...
Load More
