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...
by AIP Online Bureau | Jun 13, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
IIHL has moved NCLT seeking a 90-day extension beyond the deadline to implement the resolution plan for acquiring Reliance Capital for a consideration of Rs 9,850 crore Mumbai: National Company Law Tribunal (NCLT) will hear the plea of Hinduja Group firm IndusInd...
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 11, 2024 | Banking & Bancassurance, Health, Indian News, Non-Life, Regulation
Ashok Hinduja, chairman, IndusInd International Holdings Limited , The IRDAI’s clearance for the deal has come now and with the IRDAI’s approvals in place, it is possible to stick to the earlier dead line of May 27 for the completion of acquisition of RCL,...
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...
