RCAP lenders ask Hinduja's IndusInd International Holdings to speed up regulatory approvals for May 27 resolution plan deadline, involving Rs 9,650 crore upfront payment.
Lenders of debt-laden Reliance Capital (RCAP) urge Hinduja Group's IndusInd International Holdings Ltd to expedite regulatory approvals and stick to the May 27 resolution plan deadline. The NCLT Mumbai approved the plan on February 27, directing IndusInd International Holdings (IIHL) to implement it within 90 days. The approved plan mandates an upfront payment of Rs 9,650 crore to RCAP lenders.
April 28, 2024
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