IndusInd International Holdings

RCap lenders say they don’t intend to liquidate the company but want fair compensation | Mint

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Reliance Capital’s lenders don’t intend to liquidate the company and simply want fair compensation and certainty that IndusInd International Holdings Ltd’s (IIHL’s) resolution plan will be implemented promptly, the committee of creditors (CoC) said in filings with the bankruptcy tribunal on Monday. RCap administrator Nageswara Rao Y also made certain submissions before the tribunal. Mint … Read more

Lenders move NCLT against 90-day extension for IIHL to complete RCap resolution

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Mumbai: Lenders to a bankrupt Reliance Capital have filed an affidavit before the National Company Law Tribunal (NCLT) opposing the 90-day extension sought by the Hinduja group-owned IndusInd International Holdings Ltd (IIHL) to implement its resolution plan. In a recent affidavit filed before the bankruptcy tribunal, the committee of creditors (CoC) cited a slew of … Read more