SREI Infrastructure Finance Limited sanctioned a loan of INR 500,00,00,000/- to Electrosteel Steels Limited (ESL).

Electrosteel Castings Limited (ECL) executed a Deed of Undertaking, Warranty and Indemnity in favor of SREI.

ECL created a mortgage by deposit of title deeds in favor of SREI over its factory land in Elavur, Tamil Nadu.

State Bank of India initiated CIRP against ESL, which was admitted by the NCLT, Kolkata Bench.

Vedanta Limited's resolution plan for ESL was approved, bifurcating the debt into sustainable and unsustainable portions.

UV Asset Reconstruction Company Limited (UVARCL) acquired rights from SREI via an Assignment Agreement.

UVARCL filed a Section 7 petition against ECL, claiming it defaulted on a financial debt as a guarantor.

SREI Infrastructure Finance Limited sanctioned a loan of INR 500,00,00,000/- to Electrosteel Steels Limited (ESL).

Electrosteel Castings Limited (ECL) executed a Deed of Undertaking, Warranty and Indemnity in favor of SREI.

ECL created a mortgage by deposit of title deeds in favor of SREI over its factory land in Elavur, Tamil Nadu.

State Bank of India initiated CIRP against ESL, which was admitted by the NCLT, Kolkata Bench.

Vedanta Limited's resolution plan for ESL was approved, bifurcating the debt into sustainable and unsustainable portions.

UV Asset Reconstruction Company Limited (UVARCL) acquired rights from SREI via an Assignment Agreement.

UVARCL filed a Section 7 petition against ECL, claiming it defaulted on a financial debt as a guarantor.