A consolidated insolvency proceeding or group insolvency, if accepted by the NCLT, may garner more interest among potential bidders than individual companies...
The RBI, which regulates all non-bank finance companies, superseded the board of Srei Infrastructure Finance and Srei Equipment Finance on October 4, 2021...
A two member division bench after hearing both sides dismissed the petition and observed that the court is not inclined to entertain the writ petition...
The move could have prompted the RBI to trigger its powers to supercede the board of directors of Srei Infrastructure Finance and Srei Equipment Finance...