Reliance Capital seeks 90-day extension from NCLT for Hinduja Group's Rs 9,650 crore resolution plan.
Reliance Capital seeks a 90-day extension from NCLT to implement the Rs 9,650 crore resolution plan by Hinduja Group's IndusInd International Holdings Ltd, which was approved in February. The original deadline was May 27, 2024. Reliance Capital, with over Rs 40,000 crore debt, faced board supersession by RBI in 2021 due to payment defaults and governance issues.
May 23, 2024
3 Articles