Search result for 'bank superseded'

IndusInd International Holdings (IIHL) confirms Reliance Capital delisting as the final step towards acquiring the debt-ridden financial firm. The transaction is expected to be completed by...

The NCLAT has directed IndusInd International Holdings Ltd to respond to a plea filed by Reliance Capital lenders seeking interest on payment for the extended period.

IndusInd International Holdings (IIHL) expressed concern over Rs 850 crore GST liability in implementing Reliance Capital's resolution plan. The NCLT approved IIHL's Rs 9,650 crore plan in...

Lenders to Reliance Capital express concerns over the term sheet provided by IIHL for Rs 7,300 crore debt to fund the acquisition of the debt-ridden company.

The National Company Law Tribunal (NCLT) has directed the Reserve Bank and Department of Industrial Policy and Promotion to expedite the approval process for Reliance Capital's resolution plan by...

The Mumbai bench of NCLT will hear an interlocutory application filed by the Administrator of Reliance Capital seeking directions to IIHL for implementation of the resolution plan. The...

The Administrator of Reliance Capital has accused IIHL of non-compliance with NCLT order, alleging the Hinduja Group firm failed to deposit funds in designated escrow accounts.

Lenders of Reliance Capital threaten action against Hinduja Group's IndusInd International Holdings for failing to meet NCLT-imposed conditions, including escrow deposit.

The NCLT will hear IIHL's plea for an extension to complete Reliance Capital's resolution on June 20. The Hinduja Group firm is the successful bidder for the debt-ridden company.

Reliance Capital administrator has requested a 90-day extension from NCLT to implement the resolution plan submitted by the Hinduja Group. The deadline for implementation was originally May 27, 2024.

Reliance Capital's administrator requests a 10-day extension from RBI to transfer assets to Hinduja Group company, Aasia Enterprises. The deadline for the transfer was Friday, May 17.

IRDAI has given conditional approval to IndusInd International Holdings Ltd for the takeover of Reliance Capital. The deal is expected to be finalized by May 27, 2024.

Lenders of debt-ridden Reliance Capital (RCAP) have urged Hinduja Group's IndusInd International Holdings to expedite the resolution plan approval process and meet the May 27 deadline.

Insurance regulator IRDAI has expressed reservations over Hinduja Group's IndusInd International Holdings' resolution plan for Reliance Capital, citing concerns about equity capital and FDI. The...

Abhyudaya Cooperative Bank faces challenges with a high net NPA ratio and governance concerns. The RBI has superseded the board and appointed an administrator to address the situation.