NCLT extends IndusInd International Holdings' deadline for Reliance Capital resolution plan to August 10, with equity payment extended to August 31.
NCLT extends deadline for Hinduja Group-owned IndusInd International Holdings (IIHL) to complete formalities for bankrupt Reliance Capital's resolution plan, granting an extension till August 10. IIHL was initially required to submit equity amount of Rs 2,750 crore in escrow account by July 31, which has now been extended to August 31. The Committee of Creditors (CoC) will receive any cash available during the extended period.
July 23, 2024
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