In December 2020, the National Company Law Tribunal (NCLT) granted relief to SREI by directing banks and financial institutions to not take any coercive action against the company after it had approached the NCLT bench requesting moratorium on coupon payments and postponement of redemption dates until the merger is complete.SREI’s Rs 35,000-crore loan may be classified as NPA: Report
In December 2020, the National Company Law Tribunal (NCLT) granted relief to SREI by directing banks and financial institutions to not take any coercive action against the company after it had approached the NCLT bench requesting moratorium on coupon payments and postponement of redemption dates until the merger is complete.
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