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Promoters of Srei Infrastructure Finance and Srei Equipment Finance have moved the Bombay High Court challenging the Reserve Bank of India’s decision to supersede the boards of the Kolkata-based NBFCs.
RBI supersedes boards of two debt-laden Srei companies
According to sources, the promoters have sought a stay on the proceedings. The case is expected to come up on Thursday.
Srei Infra and Equipment Finance have debt obligations of over ₹29,000 crore
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