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SREI Finance withdraws plea against Nirmal Lifestyle Mulund’s revival plan at appellate tribunal

News ·

A key creditor has withdrawn its appeal against Nirmal Lifestyle's resolution plan after the buyer, Mantra Properties, clarified a disputed mortgaged property isn't included. The National Company Law Tribunal had approved Mantra's acquisition of the debt-laden firm, which owes Rs 1,491 crore, with the plan proposing R…

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This story is part of Rail 24's ongoing rail coverage. We summarise reporting from News so you can quickly scan what changed and why it matters for travellers, commuters and the wider Indian transport sector, then read the full original article at the source. Rail 24 aggregates trusted rail sources and refreshes them continuously so you always see the latest developments in one place.

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