Held on 28 March 2017
ARSS Infrastructure Projects announced that the Board of Directors of the Company has discussed the following businesses:1. Board discussed and approved (resolved) One Time Final Settlement Agreement With SREI Equipment Finance by assignment/ transfer of arbitration claims on such terms & conditions as agreed upon in between company and SREI.
2. Board discussed and disapproved One Time Final Settlement with Edelweiss Asset Reconstruction Company 'EARC' on the ground that the settlement with EARC would be considered at a time of final settlement with other Banks, shortly as huge cash outflow is involved into it.
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