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NARCL likely to wind up Srei group's equipment finance arm; retain SIFL for business continuity

After acquiring Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL) through NCLT, the National Asset Reconstruction Company Ltd (NARCL) is expected to retain only SIFL, and SEFL will be wound up after recovering its outstanding debt. NARCL has received approval from the Kolkata bench of the National Company Law Tribunal for its resolution plan, which was also approved by the Reserve Bank of India.
West Bengal National Company Law Tribunal Committee Of Creditors Co National Asset Reconstruction Company Ltd Srei Infrastructure Finance Ltd Srei Equipment Finance Ltd

Latest News | NARCL Likely to Wind Up Srei Group's Equipment Finance Arm; Retain SIFL for Business Continuity

Get latest articles and stories on Latest News at LatestLY. After completion of the takeover of two Srei group firms through NCLT route, state-owned asset reconstruction company NARCL is expected to retain only one of the acquired companies, official sources said. Latest News | NARCL Likely to Wind Up Srei Group's Equipment Finance Arm; Retain SIFL for Business Continuity.
West Bengal Srei Infrastructure Finance Ltd National Asset Reconstruction Company Ltd Committee Of Creditors Co National Company Law Tribunal Srei Equipment Finance Ltd

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NARCL may wind up SEFL the equipment finance arm of Srei group; likely to retain SIFL

After completing the takeover of two companies of the Srei group through NCLT route, the National Asset Reconstruction Company Ltd (NARCL) is likely to retain only one of the acquired companies, the report said
West Bengal National Company Law Tribunal Srei Equipment Finance Ltd Srei Infrastructure Finance Ltd Committee Of Creditors Co Infrastructure Finance Ltd

Euro Manganese Makes Significant Progress on its Bécancour Facility to Supply Battery Grade Manganese in North America - Euro Manganese (OTC:EUMNF)

VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Euro Manganese Inc. ((TSX-V and ASX: EMN, OTCQX:EUMNF, Frankfurt: E06)) (the "Company" or "EMN") is pleased to announce key developments on
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