SREI Infrastructure Finance Ltd News Today

BSE - 523756
NSE - SREINFRA
ISIN - INE872A01014

Money & Banking
The forensic audit report by KPMG already submitted before banks before an application was moved to NCLT
Companies
The forensic audit on two SREI group of companies is seen more as a ‘witch hunt’ by the company.
Companies
NCLAT directs NCLT to decide over SREI’s plea against rights issue of Trinity Alternative Investment
Companies
Forensic audit report on Srei group companies likely by month-end
Lenders to decide on qualifying their exposure to firms as fraud after seeing the report
News
SREI Group refutes allegations in FIR filed by UP Police
Dhruv Bhalla calls the allegations as baseless, ill-founded
Money & Banking
Banks make higher-than-required provisions for Srei Group exposure
DHFL resolution, healthy Q2 profits provide elbow room
News
Sunil Kanoria steps down as ICAI central council member
He maintained that this had nothing to do with the recent developments around SREI group companies
Companies
Srei Group cos ask their creditors “for submission of their claims”
The firms are undergoing a corporate insolvency resolution process
Economy
NCLT admits applications against 2 Srei companies
Kolkata Bench of Tribunal appoints Rajneesh Sharma as administrator
Companies
RBI files applications to initiate insolvency resolution process against Srei firms
Petitions filed with Kolkata bench of NCLT
Money & Banking
Srei firms found ever-greening NPAs, in payment default
As on March 31, 2020, Srei Infra had a negative CRAR of 3.4% against the regulatory requirement of 15%
Companies
Bombay HC dismisses petition by Srei promoters
The RBI can now move the National Company Law Tribunal to initiate proceedings against the two companies

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