Reliance Capital Insolvency: NCLAT notice to IIHL on CoC plea for interest for extended time & forfeitureThe NCLAT has issued a notice to IndusInd International Holdings Ltd over a plea by Reliance Capital's lenders seeking interest on delayed ...
13 Sep, 2024, 04.25 PM IST
Hinduja Group firm IIHL to raise Rs 3,000 crore via NCDsThe central bank had appointed Nageswara Rao Y as the administrator, who invited bids in February 2022 to take over the company.The proceed...
09 Sep, 2024, 09.02 PM IST
Lenders to Reliance Cap raise concerns over Rs 7,300 cr debt term sheet offered by IIHLLenders to debt-laden Reliance Capital expressed concerns over the term sheet provided by IIHL for Rs 7,300 crore debt mobilisation, citing...
25 Aug, 2024, 06.26 PM IST
Reliance Group moves NCLT to restrain IIHL from using 'Reliance' brand nameAnil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL) sought NCLT's intervention to stop IIHL from using the 'Reliance' brand upon implementing R...
19 Aug, 2024, 09.08 PM IST
NCLT directs RBI, DIPP to expedite approvals for implementation of RCap resolution planThe National Company Law Tribunal asked the Reserve Bank and DIPP to expedite approvals for Hinduja Group's resolution plan for Reliance Ca...
12 Aug, 2024, 04.01 PM IST
Hinduja Group ready to pay Rs 2,750 crore now for Reliance Capital resolution, files intervention application before NCLTIn an email communication from IIHL’s CEO, Moses John, to RCap administrator Nageswara Rao, IIHL emphasized the need to complete multiple a...
30 Jul, 2024, 10.19 PM IST
Reliance Capital lenders urge Hinduja Group arm to stick to resolution plan deadlineLenders of Reliance Capital urge IndusInd International Holdings Ltd (IIHL) to accelerate regulatory approvals for the resolution plan, emp...
28 Apr, 2024, 04.05 PM IST
IRDAI seeks more details from IIHL to approve deal for Reliance Capital's insurance businessDated March 20, the letter by the Insurance Regulatory and Development Authority of India (IRDAI) was in response to a request by administr...
28 Mar, 2024, 12.49 AM IST
NCLT clears IndusInd International's Rs 9,650 crore bid for RCap; lenders to take 63 pc haircutIndusInd International Holdings had submitted its plan in June 2023 in the second round of bidding for the debt-laden company that was orig...
27 Feb, 2024, 09.17 PM IST
Irdai rejection raises more questions for Hinduja-led IIHL on source of funds for RCAP acquisitionThe Administrator of debt-ridden Reliance Capital (RCAP) has raised concerns about the source of funds and business plan with IndusInd Inte...
15 Oct, 2023, 05.46 PM IST
Reliance General Insurance to get Rs 200 cr capital infusion from Reliance CapitalThe capital infusion in Reliance General comes at a time when the Committee of Creditors (CoC) has approved the Resolution Plan of IndusInd...
19 Jul, 2023, 08.33 PM IST
Hinduja Group firm receives RCAP lenders' support in round 2Lenders of debt-ridden Reliance Capital Limited (RCAP) are expected to recover upfront cash of Rs 9,661 crore from Hinduja Group firm Indus...
29 Jun, 2023, 09.18 PM IST
Reliance Capital resolution process deadline may be extendedLenders of Reliance Capital may consider extending the deadline for completing the resolution process until May 30 as the second auction ro...
07 Apr, 2023, 03.05 PM IST
Uday Kotak says time to relook resolution policy as RCap auction hits roadblockThe plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not ...
27 Mar, 2023, 11.56 AM IST
RCAP resolution plan hits roadblock as bidders upset over another auction planThe plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not ...
26 Mar, 2023, 05.53 PM IST
Deadline to submit Reliance Capital resolution plans likely to be extendedRCap had initially received 54 expressions of interest (EOIs) from different companies for its multiple assets. Out of the 54 Prospective R...
08 Jun, 2022, 06.09 PM IST
For bondholders of Reliance Capital, only half recovery likelyLarge institutional investors, including LIC and Employee Provident Fund Organisation (EPFO), collectively own about ₹6,000 crore of RCap b...
01 Dec, 2021, 12.06 PM IST