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

A key creditor has withdrawn its appeal against Nirmal Lifestyle's resolution plan after the buyer, Mantra Properties, clarified a disputed mortgaged property isn't included.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 Rs 215 crore.

Raccontata daeconomictimes.indiatimes.com