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Vijay Mallya kicks bankruptcy into the long grass again | India News

LONDON: Indebted liquor tycoon Vijay Mallya escaped being made bankrupt in the high court in London by a whisker on Tuesday after the judge was persuaded that Mallya’s ongoing proceedings in the Indian courts could render the judgment debt against him invalid for the purpose of making a bankruptcy order. Chief Insolvency and Companies Court (ICC) judge Briggs adjourned making the bankruptcy order to allow for another day of arguments on July 26 after Mallya’s lawyer, Philip Marshall QC, pointed out that Mallya had an interest rate challenge in the Karnataka high court and a compromise settlement proposal in the Supreme Court of India, and claimed that both could discharge the debt he owes.

Srei Equipment Finance receives expression of interest for capital infusion from Cerberus Global Investments

Srei Equipment Finance receives expression of interest for capital infusion from Cerberus Global Investments
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Srei Equipment Finance gets EoI from Cerberus Global

Srei Equipment Finance gets EoI from Cerberus Global SECTIONS Last Updated: Apr 25, 2021, 10:24 AM IST Share Synopsis Earlier this month, SEFL received EoIs for capital infusion of about $250 million (about Rs 1,864.35 crore) from US-based multi-strategy investment firm Arena Investors LP and Singapore-based global financial services company Makara Capital Partners. PTI NSE Explore Now NEW DELHI: Srei Equipment Finance (SEFL) has received an expression of interest for equity infusion of an undisclosed amount from global private investment firm Cerberus Global Investments, according to a regulatory filing. Srei Equipment Finance Limited (SEFL) is a wholly-owned subsidiary of Srei Infrastructure Finance Limited. The board of directors of

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