NARCL – Vishwakarma Guru Construction

Jaypee creditors pick IBC over NARCL’s Rs 10,000 crore offer – ET Infra

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Lenders to debt-laden Jaiprakash Associates Ltd, or Jaypee, will pursue the insolvency route against the company, putting plans to sell the company’s massive debt to government-backed National Asset Reconstruction Co Ltd (NARCL) on the back burner as they hope to fetch better returns for these assets. Jaypee, which owes a group of 32 creditors led […]

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NARCL pays Srei lenders promised upfront cash – ET Infra

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National Asset Reconstruction Co (NARCL), the winning bidder for the bankrupt Srei twins, has distributed to lenders Rs 2,580 crore of cash accumulated in the distressed infrastructure financiers as part of the debt-resolution program at the Kolkata-based companies. The cash was distributed as part of the Rs 3,180-crore upfront payment promised by the NARCL in

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NARCL likely to wind up Srei group’s equipment finance arm – ET Infra

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After completion of the takeover of two Srei grou p firms through NCLT route, state-owned asset reconstruction company NARCL is expected to retain only one of the acquired companies, official sources said. The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of NARCL for takeover of the twin Srei

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