Tag Archives: srei infrastructure finance

srei: Lenders’ Dilemma: Restart Srei sale or review non-compliant bids – Blue Barrows

Lenders to the twin Srei companies are debating whether to restart the sale process or evaluate the non-compliant resolution plans received from two bidders, two people aware of the development told ET. The third option before the lenders is to liquidate Srei Equipment Finance and , companies undergoing insolvency proceedings since last October. Lenders discussed […]

banks: Fin Min asks banks to sell at least 3 accounts to NARCL by Oct-end – Blue Barrows

Mumbai: Finance ministry has directed banks to sell at least three accounts – Rainbow Papers, Mittal Corp, and Company by October end – to the government-promoted bad bank – National Asset Reconstruction Company Ltd (NARCL), said three people aware of the development. Further, lead banks will seek consent from member banks to sell another 15 […]