The central bank took the firms to NCLT's Kolkata bench a day after the Bombay High Court dismissed SREI Group's writ petition against RBI's action to supersede the boards of SIFL and SEFL.
In a late evening move on Wednesday, Srei Infra promoter, Adisri commercial Pvt Ltd filed a writ petition in Bombay high court against RBI for not providing adequate notice for taking control of the firms
The financier could not survive its failure to come up with a credible debt recast plan. Let’s hope we’re reaching an end to our non-bank-lending crisis and risks will be kept in check