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IIHL fails to comply with NCLT order on acquiring Reliance Capital: RCAP Administrator

IIHL fails to comply with NCLT order on acquiring Reliance Capital: RCAP Administrator

by AIP Online Bureau | Aug 4, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

The Administrator, in its affidavit informed NCLT that instead of depositing Rs 2,750 crore in the designated escrow accounts of the Committee of Creditors (CoC) in India and abroad, IndusInd International Holdings Ltd (IIHL) has deposited the money in its own...

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