Brief: ARSS Infra Projects approves one time final settlement agreement with SREI Equipment Finance

ARSS Infrastructure Projects

28/03/2017 08:52

March 28 (Reuters) - ARSS Infrastructure Projects Ltd 
 ARSS.NS : 
    * Approved one time final settlement agreement with SREI 
Equipment Finance by assignment/ transfer of arbitration claims 
    * Discussed and disapproved one time final settlement with 
Edelweiss Asset Reconstruction Company limited 'EARC' 
    * Settlement disapproved with EARC on ground that it would 
be considered at time of final settlement with other banks, as 
huge cash outflow involved 
 
Source text for Eikon:  ID:nBSEc6zd18  
Further company coverage:  ARSS.NS  
 
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