SBI moves NCLT against Essel Infraprojects, bank has Rs 100 crore exposure in 2 SPVs

The SPVs are involved in separate legal proceedings with SBI. One of them, Coruscation Vidyut Vitaran (Ujjain), which was earlier known as Essel Vidyut Vitaran (Ujjain), is facing proceedings at debts recovery tribunal under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act.

from Banking/Finance-Industry-Economic Times https://ift.tt/dkyl98J