The NCLT has orally pronounced an order on August 11 approving the resolution plan submitted by NARCL with respect to the corporate insolvency resolution process of the companies, SIFL said in the regulatory filing on Friday. "A detailed disclosure shall be made upon the written order being made available which shall inter alia contain the details on the treatment of existing securities of the corporate debtors under the approved resolution plan, as required under the Listing Regulations and the Guidance," it said.
Get latest articles and stories on India at LatestLY. The Enforcement Directorate (ED) Tuesday conducted simultaneous raids here on properties of of two organisations - Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd, which are undergoing bankruptcy proceedings, in connection with the ongoing probe into alleged illegal financial dealings by them, an ED official said. India News | ED Raids SREI Properties.
Payash Capital Singapore, a 49 per cent stakeholder in Trinity Alternative Investment Managers Ltd (TAIML), has challenged the decision to include Arcelor Mittal in the race to acquire SREI's assets.TAIML is an investment manager managing AIF .
Payash Capital Singapore, a 49 per cent stakeholder in Trinity Alternative Investment Managers Ltd (TAIML), has challenged the decision to include Arcelor Mittal in the race to acquire SREI s assets.