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Torrent seeks SC s urgent intervention in RCap s insolvency proceedings

Torrent seeks SC s urgent intervention in RCap s insolvency proceedings
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Important cases heard in Supreme Court on Wednesday

Important cases heard in Supreme Court on Wednesday
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NCLT nixes Torrent plea over RCap resolution approval

Sep. 14—MUMBAI — The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday rejected Torrent Investments plea seeking to put on hold approval of Reliance Capital s resolution plan

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Reliance Capital insolvency: NCLT rejects Torrents s plea, to hear Hinduja s resolution plan approval on September 26

The matter was listed for hearing on Tuesday before the insolvency tribunal, however, it has now been adjourned to September 26. The NCLT said the Supreme Court on the plea filed by Torrent has abundantly made it clear that it would be kept in abeyance until the parties have had an opportunity to obtain circulation and interim orders of stay in the proceedings.

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Setback for Torrent as NCLT rejects its plea in the Reliance Capital resolution matter

In a setback for Torrent Investment, the NCLT's Mumbai bench has rejected its plea seeking a stay on the ongoing resolution process of Reliance Capital.The NCLT will now hear the Reliance Capital resolution plan approval application of the .

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