by AIP Online Bureau | Dec 15, 2024 | Indian News, Life, Non-Life, Regulation
“Most of the approvals and procedures related to the resolution process of Reliance Capital are complete. Couple of the procedures at the end of the administrator and CoC are to be completed. We hope that all these will be over in the next 4-6 weeks and RCAP...
by AIP Online Bureau | May 19, 2024 | Indian News, Life, Non-Life, Regulation
The deadline for the transfer of Reliance Capital’s asset to Aasia Enterprises, a Hinduja Group company, ended on Friday, they added. It may be mentioned that May 27 also happens to be the deadline for the implementation of the resolution plan by the Hinduja...
by AIP Online Bureau | May 15, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
According informed sources, CoC in today’s meeting has taken a tough stand and informed Hinduja Group to make the payment by 27th May or action in accordance with the RFRP will be taken whereby CoC can. encash performance bank guarantee of almost Rs. 500...
by AIP Online Bureau | May 7, 2024 | Health, Indian News, Life, Non-Life, Regulation
Hinduja Group has now submitted a new plan changing the entire corporate structure of the transaction for the implementation of the resolution plan which again has been submitted to all the regulators for their fresh approvals Mumbai/Hyderabad In a bid to...
by AIP Online Bureau | Apr 28, 2024 | Indian News, Life, Non-Life, Regulation
According to the sources, the lenders expressed concerns over the slow progress towards the implementation of RCAP resolution plan, as IIHL is yet to receive the crucial IRDAI approval on the resolution plan.The IRDAI has raised multiple queries and concerns over the...
