SREI founders may offer resolution plan under CIRP if RBI and lenders allow

Will refrain of apex bank and lenders resist such a move, says Hemant Kanoria

The Kanorias, founders of SREI group, may look at submitting a resolution plan for the firms under corporate insolvency resolution process (CIRP) if the Reserve Bank of India (RBI) and bankers allow.

“If we find that creditors are not getting a good deal and the regulator or the government allows us, then we would step in to see that the creditors are paid off because as a family, our reputation is involved,” Hemant Kanoria, founder, SREI group, said.

However, he indicated that if there was any resistance to such a move from the central bank or the bankers, then he