The Reserve Bank of India vide its Press Release dated 4th October, 2021 had superseded the Board of Directors of Srei Infrastructure Finance Limited (SIFL) & Srei Equipment Finance Limited (SEFL) and appointed Mr. Rajneesh Sharma as the Administrator.

Hon’ble National Company Law Tribunal vide its Order dated 11th August, 2023 approved the Resolution Plan submitted by National Asset Reconstruction Company Limited.

In terms of the Approved Resolution Plan, the Board of Directors of SIFL and SEFL have been reconstituted on February 26, 2024.