In a legal notice sent to RCap's administrator, the Swiss bank said as the case is pending before the National Company Law Tribunal's Mumbai bench, it should not proceed with the resolution process, "much less its finalisation".
Credit Suisse's Mumbai branch is also the onshore security trustee acting on behalf of the bank's Singapore branch, Federal Bank and Far Eastern International Bank. The letter, dated May 3, was sent to RCap administrator Nageswara Rao Y by legal firm Juris Corp on behalf of Credit Suisse.
This story is from the May 04, 2023 edition of Financial Express Mumbai.
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This story is from the May 04, 2023 edition of Financial Express Mumbai.
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