 "SREI")
The National Company Appellate Law Tribunal (NCLAT) has granted a stay on the Kolkata Bench of National Company Law Tribunal’s (NCLT’s) order that barred the Reserve Bank of India (RBI) from taking any coercive step against Srei group.
The RBI had moved NCLAT against the NCLT’s order. And, in an ad-interim order, the NCLAT said, “We are of the view that if the operation of the aforesaid direction is stayed it will not prejudice the proceedings pending before the tribunal. Therefore, we deem it appropriate to pass ad-interim order. In Paragraph 34 of the impugned order following direction is
The RBI had moved NCLAT against the NCLT’s order. And, in an ad-interim order, the NCLAT said, “We are of the view that if the operation of the aforesaid direction is stayed it will not prejudice the proceedings pending before the tribunal. Therefore, we deem it appropriate to pass ad-interim order. In Paragraph 34 of the impugned order following direction is
