On August 1, the National Company Law Appellate Tribunal (NCLAT) had extended the resolution period by another 180 days
DCHL had earned a revenue of Rs 3.4 billion in 2015-16, Rs 3.06 billion in 2016-17 and Rs 2.30 billion during the first three quarters of the financial year 2017-18
Case pertains to the alleged default of Rs 357 crore loan from Canara Bank by the firm and others
With an outstanding debt of close to Rs 4,000 cr, reviving Deccan Chronicle could be an uphill task
It's Srei second try at taking control of DCHL; 2016 meeting foiled by Tata Capital and Indiabulls