NCLT directs IIHL to transfer ₹2.7K cr to lenders in 2 days
Business Standard|August 09, 2024
Clarifies that interest on the money will accrue to lenders
DEV CHATTERJEE
NCLT directs IIHL to transfer ₹2.7K cr to lenders in 2 days

In a setback to the Hindujas, the National Company Law Tribunal (NCLT) on Thursday directed Indusind International Holdings (IIHL), a Hinduja group entity, to transfer ₹2,750 crore into the accounts of Reliance Capital's lenders within 48 hours.

IIHL was the highest bidder for Reliance Capital (RCap), a bankrupt financial services firm, with an offer of 9,561 crore. According to the NCLT order dated July 23, IIHL had to pay the equity component of ₹2,750 crore of the offer by July 31.

هذه القصة مأخوذة من طبعة August 09, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 09, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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