Business News: Creditors to two SREI firms told to submit claims by Oct 22 rashtranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rashtranews.com Daily Mail and Mail on Sunday newspapers.
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.
The RBI on Friday filed pleas before the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against two Srei Group firms. 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