Under the resolution plan, Macrotech Developers will pay Rs 900 crore in tranches over a period of 270 days. The first tranche of Rs 90 crore has already been remitted.
Moneycontrol on April 28 had reported that a group of minority shareholders led by investor Manu Rishi Guptha have filed a class action suit with the National Company Law Tribunal or NCLT against ICICI Securities on the delisting plan
NCLAT sets aside NCLT order, allows Reliance Asset Reconstruction plea to initiate insolvency against Narendra Plastics : Rashtra News #NCLAT #sets #NCLT #order #Reliance #Asset #Reconstruction #plea #initiate #insolvency #Narendra #Plastics A three-member NCLAT bench headed by Chairperson Justice Ashok Bhushan set aside the order passed by the Mumbai bench of the National Company Law
Lenders of Reliance Capital urge IndusInd International Holdings Ltd (IIHL) to accelerate regulatory approvals for the resolution plan, emphasizing the May 27 deadline. IIHL is expected to pay Rs 9,650 crore by then. Delays in IRDAI approval for the transfer of insurance businesses raise concerns over meeting deadlines.
The approval from IRDAI is pivotal for the transfer of Reliance Capital's insurance businesses, including Reliance General Insurance and Reliance Nippon Life Insurance, to IIHL. Additionally, the Reserve Bank of India (RBI) approval for the RCAP business transfer to IIHL expires on May 17., Companies News - Times Now