NCLT refuses Srei Infra's claim for inclusion in committee of creditors

IRP had justified the decision on the grounds that being a share-holder in DCHL Srei can not be a part of the committee of creditors under the law

Hyderabad bench of National Company Law Tribunal (NCLT) on Thursday dismissed Srei Infra Finance Limited's petition against removal of its name from the committee of creditors in the ongoing insolvency resolution process of Deccan Chronicle Holdings (DCHL).

Earlier, Srei Infra challenged the removal of its name by the Interim Resolution Professional (IRP) from the committee of creditors that was constituted as part of the insolvency resolution process initiated by the bench in July.

IRP had justified the decision on the grounds that being a share-holder in DCHL Srei can not be a part of the committee of creditors under the