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SREI takeover news: NCLAT rejects Authum plea on SREI; NARCL completes payments

The National Company Law Appellate Tribunal has dismissed Authum Investment & Infrastructure s appeal against the takeover of the twin Srei NBFCs by the National Asset Reconstruction Co Ltd (NARCL), clearing all roadblocks for the smooth takeover of the companies. The order is a boost to NARCL, which has been struggling to complete transactions.

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