Which organization's resolution plan for 2 Srei group companies was approved by the National Company Law Tribunal's Kolkata bench?
Securities and Exchange Board of India (SEBI)
State Bank of India (SBI)
Reserve Bank of India (RBI)
National Asset Reconstruction Company Limited (NARCL)
Correct Answer :
D. National Asset Reconstruction Company Limited (NARCL)
The National Company Law Tribunal's Kolkata bench has approved National Asset Reconstruction Company Limited's resolution plan for 2 Srei group companies. NARCL emerged as the winning bidder for the 2 Srei group firms -- Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd through an insolvency resolution.
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