RBI has been asked to respond in three weeks to a petition filed by Adisri Commercial, the former promoter of Srei Infrastructure Finance, against an earlier order issued by the tribunal.
After completing the takeover of two companies of the Srei group through NCLT route, the National Asset Reconstruction Company Ltd (NARCL) is likely to retain only one of the acquired companies, the report said
Reliance Capital sells 45.43% stake in Reliance Home Finance for ₹54.5 crore, reducing its shareholding to 2.47%. The company posted a net profit of ₹444 crore in Q1 FY 2024
Earlier this month, Reliance Capital submitted an application for the resolution plan of IndusInd International Holdings Ltd (IIHL), the investment arm of the Hinduja Group, with the National Company Law Tribunal (NCLT).