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Srei promoter challenges RBI action against group firms in Bombay High Court : Rashtra News Srei Group promoters on Wednesday moved the Bombay High Court to challenge the Reserve Bank of India’s decision to supersede the boards of two group companies in preparation for sending them to bankruptcy courts. A division bench of Justices Ujjal ....
The National Company Law Appellate Tribunal (NCLAT) rejected an application filed by Adisri Commercial Pvt Ltd, a shareholder of Srei Infrastructure Finance Ltd, ....
On September 6, the benchmark indices closed lower amid a selloff in global markets. Sensex ended 555.15 points or 0.93 per cent lower at 59,189.73 and Nifty tumbled 176.30 points or 0.99 per cent to 17,646. ....
The Bombay High Court (HC) on Thursday dismissed a petition filed by promoters of Srei group against Reserve Bank of India’s (RBI) decision to supersede the boards of two non-banking finance companies (NBFCs) of the group and initiated insolvency proceedings in both cases. ....