The mandate is being sought based on an internal assessment by lenders led by UCO Bank that the promoters - the Kanoria brothers - allegedly diverted money borrowed from banks to infuse equity in the subsidiaries, the officials said.source https://economictimes.indiatimes.com/industry/banking/finance/srei-administrator-to-seek-lenders-nod-to-control-cash-flows-of-two-bankrupt-companies/articleshow/87265264.cms
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