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NCLAT lifts restriction on any RBI action against SREI


The National Company Appellate Law Tribunal (NCLAT) has granted an ad-interim stay on a specific part of the Kolkata bench of NCLT’s order that barred the Reserve Bank of India from taking any coercive step against Srei group.
RBI had moved NCLAT against the Kolkata bench’s order. And, in an ad-interim order, the NCLAT said, We are of the view that if the operation of the aforesaid direction is stayed it will not prejudice the proceedings pending before the Tribunal. Therefore, we deem it appropriate to pass ad-interim order. In Para 34 of the impugned order following direction is stayed till the pendency of this appeal. ....

West Bengal , National Company Appellate Law Tribunal , Reserve Bank , Srei Group , மேற்கு பெங்கல் , தேசிய நிறுவனம் மேல்முறையீடு சட்டம் தீர்ப்பாயம் , இருப்பு வங்கி , ஸ்ரே குழு ,