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
Reserve Bank of India said on Monday it will initiate bankruptcy proceedings against Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd, and superseded the non-banking financial companies' boards on governance concerns and defaults.
Srei Infrastructure Finance to raise up to Rs 2,500 crore equity capital business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
The Srei group continues to face human resource crisis with Srei Equipment Finance (SEFL) company secretary putting in her papers on Monday, even as the banks have lifted the cap on the salary of senior-level executives. Srei Infrastructure Finance Ltd (SIFL), the parent company of Srei Equipment, saw its company secretary Sandeep Kumar Lakhotia resigning earlier in March this year. We wish to inform that Ritu Bhojak, company secretary of Srei Equipment Finance Ltd has resigned from the position of Company Secretary & Compliance Officer of the company and will be relieved w.e.f. close of working hours of 10th May, 2021, SEFL said in a statement.