Brahmaputra Infrastructure gets approval of CDR cell
On 17 December 2014
Brahmaputra Infrastructure announced that the Restructuring Proposal of the Company, under CDR Mechanism in terms of guidelines laid down by the Reserve Bank of India (RBI) vide notification dated 26 February 2014 and subsequent clarification dated 21 October 2014 on Framework for Revitalizing Distressed Assets in the Economy - Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP), has been approved by the Corporate Restructuring (CDR) Cell vide its provisional letter of approval dated 17 December 2014.The Company is in process of implementation of CDR Package and signing of necessary documents in this regard including execution of Master Restructuring Agreement (MRA) between the Lenders and the Company.
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