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.
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