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

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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