 "SREI")
Srei group promoters, Adisri Commerical Private Limited, has filed a writ petition against the Reserve Bank of India in the Bombay High Court against the regulator’s move to supersede the board of the two group companies. They are seeking a stay on the RBI prcoeedings against the two group companies.
The matter will be heard on October 7.
The Reserve Bank of India earlier this week superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance and said they will be taken for insolvency proceedings owing to governance concern and payment defaults by them.
Srei had expressed shock at the
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