{"id":440811,"date":"2021-10-07T11:25:40","date_gmt":"2021-10-07T05:55:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=440811"},"modified":"2021-10-07T12:36:14","modified_gmt":"2021-10-07T07:06:14","slug":"srei-promoters-move-hc-against-rbi","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/srei-promoters-move-hc-against-rbi\/","title":{"rendered":"Srei promoters move HC against RBI"},"content":{"rendered":"<p>Mumbai: Promoters of Srei Group have on Wednesday filed a petition in the Bombay high court against the RBI after it superseded the boards of two of the group\u2019s non-banking finance companies and initiated insolvency proceedings. <\/p>\n<p>The petition was filed late evening on Wednesday. According to the cause list of the Bombay HC, a writ petition has been filed by Naik Naik and Co on behalf of Adisri Commercial and others. Adisiri Commercial is listed as a promoter of Srei Infrastructure with 60% stake in the company. The petition will come up for hearing on Thursday. The RBI had superseded the boards of the company citing governance issues and other lapses. An RBI-appointed administrator assisted by a three-member advisory committee has already taken charge of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Promoters of Srei Group have on Wednesday filed a petition in the Bombay high court against the RBI after it superseded the boards of two of the group\u2019s non-banking finance companies and initiated insolvency proceedings. The petition was filed late evening on Wednesday. According to the cause list of the Bombay HC, a writ petition has been filed by Naik Naik and Co on behalf of Adisri Commercial and others. Adisiri Commercial is listed as a promoter of Srei Infrastructure with 60% stake in the company. The petition will come up for hearing on Thursday. The RBI had superseded [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,221,137],"tags":[],"class_list":["post-440811","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=440811"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440811\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=440811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=440811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=440811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}