The National Company Law Tribunal had in August approved a resolution plan submitted by National Asset Reconstruction Co. Ltd for Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd
After completing the takeover of two companies of the Srei group through NCLT route, the National Asset Reconstruction Company Ltd (NARCL) is likely to retain only one of the acquired companies, the report said
The Reserve Bank on Tuesday appointed V Ramachandra, former chief general manager of Canara Bank, as a member of the Advisory Committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL). RBI Appoints V Ramachandra as Member of Advisory Committee of SIFL, SEFL.
Explained: Why RBI Took Over Srei Infrastructure Finance swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
The meeting, to be held virtually on June 12, is in accordance with the order passed by the Kolkata bench of the National Company Law Tribunal (NCLT) in December last year proposing a scheme of arrangement by SEFL.