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As Srei Firms Head To Insolvency, Who's Left Standing In The Rain?
SREI Group Insolvency: Who has the largest dues? What's in store for retail bondholders?
06 Oct 2021, 08:01 AM IST
The Reserve Bank of India's decision to supersede the boards of two Srei Group non-bank lenders will mean that creditors will now need to wait for a potentially long drawn-out insolvency process to conclude before they get their dues.The move had come as a "surprise" to the group, said Hemant Kanoria, former chairman of Srei Infrastructure Finance Ltd., in this interview to BloombergQuint. As the processes kick in, about Rs 30,000 cr...
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