The bankruptcy court in Mumbai approved the acquisition of Reliance Capital by IndusInd International Holdings Ltd. A monitoring committee will be formed to monitor the plan implementation. The Supreme Court is involved in a dispute between Torrent Investments and Hinduja Group bids.
Get latest articles and stories on India at LatestLY. The National Company Law Tribunal on Tuesday approved Hinduja Group firm IndusInd International Holdings' Rs 9,650-crore resolution plan for Reliance Capital. India News | NCLT Approves Hinduja Group Firm IndusInd International Holdings' Resolution Plan for Reliance Capital.
The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holdings Limited) in June 2023 in the second round of bidding for the debt-laden company.
NCLT approves Hinduja Group firm IndusInd International Holdings' resolution plan for Reliance Capital - Industry News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holdings Limited) in June 2023 in the second round of bidding for the debt-laden company. A detailed order in the matter is expected later in the day.