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RBI supersedes Reliance Capital board citing defaults, to start insolvency process

The Reserve Bank of India (RBI) has superseded the board of Reliance Capital as the company defaulted on various payment obligations to its creditors and the company will go under the insolvency process soon.

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Reserve Bank of India supersedes board of Reliance Capital Ltd

It appointed Nageswar Rao Y, the former executive director, Bank of Maharashtra as the administrator of the company

Nageswar raoDhananjay tiwariThomas mathewAnil ambaniChhaya viraniNational company law tribunalBombay high courtLiquidation proceedings of financial service providersDelhi high courtReliance capitalLiquidation proceedingsFinancial service providersAdjudicating authorityInsolvency resolution professionalDewan housing financeRahul sarin

Ex-SBI boss arrest part of bid to stall resolution, show documents

Documents showed even after the firm was admitted to NCLT and the board dissolved, it met and decided to initiate arbitration process

Pratip chaudhuriEx sbi chairmanArbitration processHotel gaudavanInsolvency resolution professional

Moneylife India | Financial Magazines online in India

Moneylife is an online resource for news and opinions on personal finance, banking, finance and industry sectors from India.

Rajendram ganatraInsolvency resolution professionalMutual fund returnsAnk fixed depositsNvestor returnsOrtfolio allocation

Srei Infrastructure share locked in lower circuit after RBI supersedes board

Srei Infrastructure Finance share fell 5% to Rs 8.17 against previous close of Rs 8.60 on BSE

Rajneesh sharmaSrei infrastructure finance limitedAxis bankSrei equipment finance limitedBank of barodaLiquidation proceedings of financial service providersReserve bankInfrastructure financeSrei infrastructure financeEx chief general managerLiquidation proceedingsFinancial service providersAdjudicating authorityInsolvency resolution professionalState bankSrei infrastructure finance share

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