We hadn't expected such retaliation by bankers: Hemant Kanoria of Srei

In a Q&A, the promoter and former chairman of Srei Infra says the firm had moved the NCLT to facilitate payment, account was not stressed

A day after the RBI superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance, Hemant Kanoria, promoter and former chairman of Srei Infrastructure, tells Ishita Ayan Dutt that it had moved the NCLT to facilitate payment and had not imagined that this would result in a severe action from bankers. Edited excerpts:

The RBI superseded boards of Srei Infrastructure Finance and Srei Equipment Finance and cited governance issues. How would you respond to that?

Srei has always followed very high standards of governance. If you see our boards, we have a high level of professionals. They come from