Last month, the Reserve Bank had superseded the boards of Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL)
Will refrain of apex bank and lenders resist such a move, says Hemant Kanoria
Srei was one of the few top NBFCs in constant 'asset quality review' focus of RBI, even as the regulator never used that term for NBFCs
On October 04, 2021, RBI had constituted a three-member panel to assist Rajneesh Sharma, Administrator in discharge of his duties
Adisri Commercial Pvt Ltd had filed a writ petition on Wednesday against the RBI challenging the order and has also sought a stay on initiating insolvency proceedings against Srei Infrastructure Fin
In the past three decades, the Kanorias have weathered many a crisis, including the NBFC crisis of the 1990s and the global financial crisis in 2008-09
Subhash Chandra alleges Invesco is gunning for illegal takeover of his media company.
Group to restart business soon; to focus on recovery
The matter will be heard on October 7
Who are the people behind Srei Infra and Srei Equipment Finance? How will Electronic Gold Receipts compare with other gold instruments? What are unicorns, decacorns and hectocorns? All answers here
The RBI on Monday superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance
Superseding boards of two Srei companies not to roil markets; Major OMCs step off LPG price-hike pedal
The SREI Group firms' business has been badly hit due to Covid; SREI mulls legal recourse over RBI's decision to supersede Group firms' boards
The capital infusion in the form of equity will be in tranches
After the voting ended, applicant firm India Vision Fund submitted a modified plan in a last-ditch effort to stay in the ring, but there was no immediate response from the CoC, sources said
The equipment sale market is close to Rs 21,000 crore, with a potential to be around Rs 50,000 crore by 2020