Lenders’ Dilemma: Restart Srei sale or review non-compliant bids

September 16, 2022

A majority of lenders did not favour accepting a non-compliant EMD since that would require changing the terms of the RFP and reinviting bids. Some lenders, however, were worried that the alternative option – liquidation of the twin Srei companies – will result in lower recoveries.

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