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Reliance Capital Insolvency: NCLAT notice to IIHL on CoC plea for interest for extended time & forfeiture

By Economic Times - 2 months ago
The NCLAT has issued a notice to IndusInd International Holdings Ltd over a plea by Reliance Capital's lenders seeking interest on delayed payments and forfeiture of Rs 2,750 crore in case of default. The lenders want modifications to an NCLT order extending the payment deadline for IIHL's Rs 9,861-crore resolution plan.

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