Anil Ambani’s debt-ridden Reliance moves NCLT to implement Rs 96500000000 resolution plan, seeks...NCLT in February this year approved the Rs 9650 crore resolution plan and directed IIHL to implement it within 90 days ending May 27, 2024. Anil Ambani’s debt-ridden Reliance Capital (RCap) has been trying to implement the Rs 9650 crore resolution plan submitted by the successful bidder Hinduja Group's IndusInd International Holdings Limited (IIHL). National Company Law Tribunal (NCLT) on February 27, 2024, approved the plan and directed IIHL to implement it within 90 days ending May 27, 2024. If approved, then the new deadline for the resolution plan for Reliance Capital will be August 27, 2024. READ | Anil Ambani’s firm gets notice to refund Rs 2599 crore, may get in massive trouble after…Four applicants had initially bid with resolution plans.

Source: dna May 23, 2024 11:01 UTC