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RBI supersedes Reliance Capital board, to start bankruptcy proceedings against firm

by AIP Online Bureau | Nov 29, 2021 | Indian News, Life, Non-Life, Regulation

In a statement on its website, the central bank said it has superseded the board, “in view of the defaults by RCL (Reliance Capital Ltd) in meeting the various payment obligations to its creditors and serious governance concerns which the board has not been able to...
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