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Hinduja Group’s IIHL takes over Reliance Cap as lenders withdraw NCLAT petition

Hinduja Group’s IIHL takes over Reliance Cap as lenders withdraw NCLAT petition

by AIP Online Bureau | Mar 30, 2025 | Banking & Bancassurance, Health, Indian News, Life, Non-Life, Regulation

The Committee of Creditors (CoC) of Reliance Capital has informed NCLAT that the resolution plan was completely implemented by IIHL with the transfer of complete payment amounts in terms of the resolution plan Mumbai: Lenders of debt-ridden Reliance Capital have...
Hinduja Group’s IIHL takes over Reliance Cap as lenders withdraw NCLAT petition

Reliance Capital resolution: CoC warns of remedial action against Hinduja owned IIHL

by AIP Online Bureau | Aug 2, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life

Hinduja owned IIHL failed to meet the deadline of July 31. On August 1, Vistra ITCL, the trusteeship acting on behalf of the CoC, wrote a letter to IIHL that it had defaulted on the NCLT order, now lenders reserve their rights and remedies as per the resolution plan...

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