YOU WONT BELIEVE: Srei - You Need To See This

NCLAT revives IL&FS plea in Rs 1,080 crore circuitous transactions, sets aside NCLT order

The National Company Law Appellate Tribunal (NCLAT) has revived IL&FS's plea concerning Rs 1,080 crore in alleged circuitous lending transactions. Setting aside a previous NCLT order, the tribunal stated the lower court erred by not examining the merits of claims that these deals, involving IFIN and SREI group entities, were…

The Economic Times · Jul 1

UCO plans to tap ARC to handle its exposure in Srei

KOLKATA: UCO Bank is toying with the possibility to tap an asset reconstruction company (ARC), including the government-backed bad loan aggregator National Asset Reconstruction Company, to handle its exposure in ailing Srei group entities, which are going through a resolution process under the Insolvency and Bankruptcy Code (IBC).

The Times of India · Aug 8, 2022