IIHL fails to deposit money as per NCLT order, RCAP admin tells tribunal; IIHL denies contempt charge

The administrator of Reliance Capital claimed IIHL did not comply with a tribunal's order by placing funds in incorrect accounts. IIHL stated funds would transfer after escrow conditions are met. As per the July 23 NCLT order, IIHL had until July 31, 2024, to comply, but the administrator argued conditions remain unmet.
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