Shri Nageswar Rao News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Reserve Bank of India (RBI) has superseded the board of Reliance Capital as the company defaulted on various payment obligations to its creditors and the company will go under the insolvency process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

Shri nageswar raoNageswar raoReliance capital ltdLiquidation proceedings of financial service providersReliance capital limitedReserve bankIndia actEx executive directorBankruptcy rulesLiquidation proceedingsFinancial service providersAdjudicating authorityInsolvency resolution professionalReliance capitalInsolvency processRbi supersedes reliance capital board