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BRIEF-ARSS Infra Projects approves one time final settlement agreement with SREI Equipment Finance
March 28, 2017 / 7:56 AM / 6 months ago

BRIEF-ARSS Infra Projects approves one time final settlement agreement with SREI Equipment Finance

March 28 (Reuters) - ARSS Infrastructure Projects Ltd :

* 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: Further company coverage:

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