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A technicality in SREI s insolvency case has auditors at KPMG baffled

A technicality in SREI s insolvency case has auditors at KPMG baffled
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CCI approves SREI Infra Finance s acquisition by NARCL, IDRCL

National Asset Reconstruction Company Ltd (NARCL) is an asset reconstruction company while India Debt Resolution Company Ltd (IDRCL) provides debt management services to NARCL. Both entities are backed by the Government of India.

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No illicit transactions with Srei Group: Trinity Alternative Investments

Trinity also said that none of the extant rules define related-party transactions when it comes to Alternative Investment Funds and that Srei group does not have a board representation since the entity is only an asset manager.

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Srei ratings cut to default , legal battle ahead

Srei ratings cut to default , legal battle ahead
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West bengalSrei infrastrcutureNational company law appellate tribunalSrei equipment financeSrei infra financeSrei equipmentRating agenciesKolkata benchSrei infrastructure financeமேற்கு பெங்கல்தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம்ஸ்ரே உபகரணங்கள் நிதிஸ்ரே அகச்சிவப்பு நிதிஸ்ரே உபகரணங்கள்கொல்கத்தா பெஞ்ச்ஸ்ரே உள்கட்டமைப்பு நிதி

Axis Bank Says Report Alleging Rs 44,000 Crore Exposure To SREI Group grossly Inaccurate

Axis Bank says report alleging Rs 44,000 crore exposure to SREI Group grossly inaccurate Axis Bank said that its outstanding exposure to Srei group is Rs 800 crore as opposed to Rs 44,000 crore alleged by web portal Scams Breaking. December 16, 2020 / 12:53 PM IST Axis Bank on December 15 said that it followed underwriting practices and approval processes while extending loans to Srei Equipment Finance Ltd and Srei Infra Finance Ltd. In a notice to the stock exchanges, the bank said that its outstanding exposure to Srei group is Rs 800 crore as opposed to Rs 44,000 crore alleged by web portal Scams Breaking. The bank has complied with its underwriting practices and approval processes for any exposure taken in relation to SREI Equipment Finance Limited and SREI Infra Finance Limited. Axis Trustee Services Ltd acts in its fiduciary capacity as a trustee and/or custodian and charges registered by it is not a reflection of the exposure of Axis Bank Ltd, it said.

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