In India, Srei Infrastructure Finance Ltd offers financing for infrastructure. Obtain financing for infrastructure projects and other financial services. for long-term investors.
The Kolkata bench of the national company law tribunal (NCLT) has approved the Rs14,867.50 crore resolution plan submitted by state-backed National Asset Reconstruction Company (NARCL) for SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL), which are under the corporate insolvency resolution process (CIRP). This is the first acquisition by the government-owned NARCL. The resolution plan of NARCL was approved in February by the committee of creditors (CoC) of these two companies from the SREI group.
The Reserve Bank of India (RBI)-appointed administrator at Srei Equipment Finance Ltd. has found fraudulent transactions worth more than Rs3,000 crore conducted over financial year (FY) 2019-20 and FY2020-21.
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