The National Company Appellate Law Tribunal (NCLAT) has granted an ad-interim stay on a specific part of the Kolkata bench of NCLT’s order that barred the Reserve Bank of India from taking any coercive step against Srei group.
RBI had moved NCLAT against the Kolkata bench’s order. And, in an ad-interim order, the NCLAT said, We are of the view that if the operation of the aforesaid direction is stayed it will not prejudice the proceedings pending before the Tribunal. Therefore, we deem it appropriate to pass ad-interim order. In Para 34 of the impugned order following direction is stayed till the pendency of this appeal.
CARE, Acuité Ratings Downgrade SREI Infrastructure Finance to Default Category; Debenture Trustees, Bondholders Challenge NCLT Order on Moratorium
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Nonsense , Oppression : Tata, SP Groups battle rages on in SC
daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.