Axis Trustee Services solicits views of bondholders on challenging NCLT standstill order

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SREI Equipment Finance: Axis Trustee Services solicits the views of bondholders on the challenge of the NCLT standstill order

Axis Trustee Services Ltd, which is the debenture trustee for various listed, secured and unsecured non-convertible debentures (NCDs) issued by Srei Equipment Finance Ltd (SEFL) has sought the advice of the bondholders on whether to challenge the order. moratorium adopted by the National Company Law Tribunal (NCLT) Banc de Calcutta

Axis Trustee Services today sent an email to all bondholders saying: “Since debt payments are not made by SEFL, we are asking for your opinion on whether we should dispute or not the NCLT order.

Axis Trustee Services shared a link (to a web form) in the email to bondholders to submit their responses. See the web form below:

As reported by Moneylife earlier this week, SEFL stopped making debt payments (interest and principal repayment) effective January 1, 2021 after arriving in Kolkata from NCLT …
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