WebNov 4, 2024 · Srei Infrastructure Finance Ltd (SIFL) is the parent company of SEFL. The economic stress caused due to the pandemic led to an asset-liability mismatch in the Srei group, which resulted in the bankers taking control of the finances of Srei in order to recover their dues. Srei group, which mainly caters to the MSME and infrastructure sectors ... WebFeb 19, 2024 · Public sector asset reconstruction company NARCL is likely to revive Srei Infrastructure Finance Ltd and wind up the group's equipment financing arm SEFL after recovering outstanding debt in seven years, a source said on Sunday.NARCL (National Asset Reconstruction Company) on Wednesday won the bid to take over the two Srei group …
NARCL may revive Srei group
WebOct 5, 2024 · “The Reserve Bank has today superseded the board of directors of SIFL and SEFL, owing to governance concerns and defaults by the aforesaid companies in meeting their various payment obligations ... WebOct 6, 2024 · The promoters have sought a stay from the apex court on any insolvency proceedings against SIFL and SEFL. Promoters of Srei Group on Wednesday moved the … greenpeace philippines meaning
NARCL may revive Srei
WebJun 14, 2024 · SIFL and SEFL went under Corporate Insolvency Resolution Process (CIRP) from 08.10.2024, following which the Administrator appointed BDO India LLP (BDO) as the transaction auditor of SEFL and SIFL, under the IBC, to probe alleged vulnerable transactions. As per ... WebGood pdf. ambitiousbaba.com online test series february 2024 one liner current affairs weekly one liner current affairs february to february 2024 national news WebFeb 10, 2024 · “A letter with the proposal to withdraw SIFL and SEFL from insolvency proceedings under Section 12A of the IBC was sent to the administrator. The fresh settlement offer to the lenders includes Rs 3,500 crore upfront cash with net present value (NPV) of Rs 7,000 crore, which is highest among existing bid offers,” the sources told FE. fly sahib