Mumbai: Srei Infrastructure Finances promoter company, Adisri Commercial, may challenge the National Company Law Appellate Tribunal (NCLAT)s 22 December order upholding an NCLT order of October 2021, to initiate insolvency proceedings against two group companies, before the Supreme Court.
Adisri, which has a 60.36% stake in Srei Group, has challenged a Bombay High Court order of October 2021, which had also upheldthe NCLT verdict, before the apex court.
The bench finds no merit in application for seeking condonation of 321 days delay in refilling appeals, the same is dismissed. Given the dismissal of the application for condonation of delay in refilling the appeal, both memos of appeals are rejected,” NCLAT bench led by Justice Ash…
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