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National Company Law Tribunal allows RBI s insolvency plea against Reliance Capital

Insolvency proceedings against Reliance Capital begin; RBI files application

Insolvency proceedings against Reliance Capital begin; RBI files application

The Reserve Bank on Thursday filed an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) against Reliance Capital under sections of Insolvency and Bankruptcy Code, 2016 at the Mumbai Bench of the National Company Law Tribunal.

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