27 March 2024
The resolution plan of SREI infra NCD default, for its holders provides two components of payment. One part distributed as cash payment directly and the balance in the form of Security receipts (SR) and Estimated Optionally Convertible Deposits (OCD). These SRs and OCDs are held by Punjab National Bank and will be released after 8 years. Please therefore inform how the capital loss of debt is booked. Is it only cash paid now as value of return; and SR+OCD if any paid after 8 years to be taken as income for future earnings.
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