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Dissenting Debenture Holders Should Be Provided with Options in Resolution Plan: SC

While disposing of appeals challenging an order passed by the high court, the Supreme Court (SC) says dissenting debenture holders should be provided options, either to accept the resolution plan (RP) or pursue other legal remedies to recover their entitled dues. The bench was hearing a case related to the RP of Autumn Investment and Infrastructure Ltd (AIIL) for Reliance Home Finance Ltd (RHFL). The apex court asked AIIL to make payments before 31 March 2023. ....

Justice Aravind Kumar , Rajkumar Nagpal , Infrastructure Ltd , Supreme Court , Reliance Home Finance Ltd , Reliance Commercial Finance Ltd , Autumn Investment , Civil Procedure Code , Mutual Fund Returns , Ank Fixed Deposits , Nvestor Returns , Ortfolio Allocation ,