RCap administrator

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

Apprehension about IIHL’s willingness to honour RCap resolution plan: CoC | Mint

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Mumbai: Reliance Capital’s administrator has said that the Hinduja Group-owned IndusInd International Holdings Ltd’s bid to unilaterally seek extension of the deadline to implement its resolution plan for the bankrupt company creates ‘reasonable apprehension’ about its willingness to honour  the resolution plan. In a submission before the Mumbai bench of the National Company Law Tribunal … Read more