RBI files insolvency pleas against two Srei Group firms in NCLT
The Hindu
Srei Group had challenged RBI's decision to supersede the boards of the two firms and initiate insolvency proceedings against them.
The RBI on Friday filed pleas before the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against two.
The Reserve Bank of India filed two separate petitions before the Kolkata-bench of NCLT against two non-banking financial companies—Srei Infrastructure Finance and Srei Equipment Finance.
The matters were heard on Friday by a two-member NCLT bench, which is expect to pass an order this evening.
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