Economic TimesLean R·
SREI Fin withdraws plea against Nirmal Lifestyle
The debt-laden realty firm Nirmal Lifestyle (Mulund) Pvt Ltd’s one of the secured creditors, SREI Equipment Finance Ltd, has withdrawn it’s appeal before the National Company Law Appellate Tribunal (NCLAT) challenging the resolution plan, after the successful resolution applicant clarified that the disputed mortgaged property was not part of the approved plan.In April, the Mumbai bench of the National Company Law Tribunal had approved the acquisition of Nirmal Lifestyle (Mulund) by a Pune-based…
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