Srei to approach other lenders for Deccan Chronicle debt rejig

With an outstanding debt of close to Rs 4,000 cr, reviving Deccan Chronicle could be an uphill task

A day after Kolkata-based Srei Infrastructure Finance (SIFL) called an extra-ordinary general meeting (EGM) of Deccan Chronicle Holdings (DCHL) in Hyderabad to appoint five directors in the company, Sunil Kanoria, vice-chairman of SIFL said, once the National Company Law Tribunal (NCLT) approved the appointments, it would vet options to revive the company and approach other lenders for debt restructuring. 

“Once we get into the company, if the NCLT allows, we would prepare a statement assessing the financial situation of the company. Then we will approach all the lenders, and see if we can do a restructuring of the debt; how much