Srei's Kanoria urges RBI guv not to accept KPMG report
Business Standard|April 08, 2022
Srei Founder Hemant Kanoria has written to Reserve Bank of India Governor Shaktikanta Das, urging him to advise banks and lenders not to act against the two Srei companies based on "inconclusive" findings in the KPMG forensic report.
ISHITA AYAN DUTT
Srei's Kanoria urges RBI guv not to accept KPMG report

Sources said Kanoria has pointed out to the RBI that any action on the basis of the "improper” report may hamper the resolution process being undertaken by the administrator appointed by RBI under Insolvency and Bankruptcy Code (IBC).

The letter – dated March 17 –comes at a time when the matter is pending before the Kolkata Bench of the National Company Law Tribunal (NCLT). Kanoria had moved an application challenging the KPMG report in January.

Sources indicated that in the letter Kanoria has said any step taken on the basis of the KPMG report is likely to affect the revival process of the two companies (Srei Infrastructure Finance and Srei Equipment Finance) under the IBC process.

この記事は Business Standard の April 08, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の April 08, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

BUSINESS STANDARDのその他の記事すべて表示
'Taiwan keen to help India become leader in chip space'
Business Standard

'Taiwan keen to help India become leader in chip space'

Taiwan is keen to collaborate with India and help it become a leader in the semiconductor space, Jason Ho, chairman of the Taiwan Chamber of Commerce in India, said, asserting that the Taiwanese companies have the supply chain for things that the Indian market needs.

time-read
2 分  |
April 29, 2024
Adani, Tata eye bigger pie in Mumbai power distribution
Business Standard

Adani, Tata eye bigger pie in Mumbai power distribution

Battle for high-value customers heats up amid increased EV penetration

time-read
3 分  |
April 29, 2024
Business Standard

No cancer-causing agents in our products: MDH on quality claims

MDH Spices has denied allegations that its products have traces of cancer-causing agent ethylene oxide (ETO), calling them \"untrue\" and \"lacking any substantiating evidence.

time-read
1 min  |
April 29, 2024
Business Standard

RIGHT TO A FUTURE

The apex court has made an 'observation' on the right to be free from the adverse effects of climate change. Can this pave the way to a cleaner future?

time-read
5 分  |
April 29, 2024
Business Standard

How to make insolvency law solvent

The IBC has served the purpose by creating the fear of god among rogue promoters. It's time to plug the loopholes in the law and make the defaulters understand that the IBC isn't just all bark and no bite

time-read
5 分  |
April 29, 2024
Al inside: Tech eases work for IT firms
Business Standard

Al inside: Tech eases work for IT firms

It simplifies and automates routine tasks and helps employees to focus on the big picture

time-read
4 分  |
April 29, 2024
Shipping to shopping, AI is making food safe
Business Standard

Shipping to shopping, AI is making food safe

Concerns about food safety rise periodically as more information about the impact of chemicals is revealed.

time-read
2 分  |
April 29, 2024
To fund AI boom, tech plans plumbing upgrade
Business Standard

To fund AI boom, tech plans plumbing upgrade

Microsoft, Meta and Google's parent Alphabet are going to spend billions on infrastructure

time-read
2 分  |
April 29, 2024
Business Standard

Basic fire policy doesn't cover self-ignition

Sanjay Foods, which had its office in Jalgaon, manufactured oil and oil cakes using cotton seeds purchased from ginning and pressing units.

time-read
2 分  |
April 29, 2024
Business Standard

Seniors must strike a balance between premium and co-pay

Too low a premium could mean high co-pay, which would pinch at the time of claim settlement

time-read
3 分  |
April 29, 2024