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NCLT to hear Reliance Capital-IIHL resolution case on Wednesday, expected to issue direction to parties

By Economic Times - 4 months ago
The Mumbai bench of NCLT was expected to consider an application from Reliance Capital's Administrator, urging IIHL to implement a resolution plan by August 10. The Administrator had requested the immediate transfer of Rs 2,750 crore to designated escrow accounts, alleging that IIHL had failed to comply with a previous NCLT order.

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