What happens to SREI now and will it also conclude like the DHFL insolvency?
Answer
Answer
The action shifts to the NCLT courts. It looks like the end of the road for the SREI group but the insolvency could be more complicated that DHFL. Compared to DHFL, the challenge is that the recoveries may be much lower. There is the money laundering case that is under the lens and the extent of recovery also looks uncertain. Secondly, infrastructure dues are less reliable compared to retail loans and realizations could be much smaller.