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RCap administrator seeks 90-day extension from NCLT to implement resolution plan

RCap administrator seeks 90-day extension from NCLT to implement resolution plan

by AIP Online Bureau | May 23, 2024 | Indian News, Life, Non-Life, Regulation

The deadline for the implementation of the approved resolution plan was May 27, 2024. NEW DELHI: The administrator of debt-ridden Reliance Capital (RCap) has moved NCLT, seeking a 90-day extension beyond the deadline to implement the Rs 9,661 crore resolution plan...

EPFO invested Rs 2,500 cr in Reliance Capital’s bonds: FinMin

by AIP Online Bureau | Dec 15, 2021 | Indian News, Pension & Social Security

Reliance Capital had defaulted on payment of principal and interest obligations on bonds held by EPFO.The total interest default on the non-convertible debentures (NCDs) (secured) is Rs 534.64 crore as of November 30, 2021 Reliance Capital owes its creditors over Rs...

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