04-April-2025
Corporate News
 
IndusInd International assumes control of Reliance Capital as Anil Ambani's co withdraws petition
31-Mar-2025

Reliance Capital's lenders have withdrawn their petition against IndusInd International Holdings Ltd (IIHL) before the National Company Law Appellate Tribunal (NCLAT), PTI has reported. The Committee of Creditors (CoC) informed NCLAT that IIHL had fully executed the resolution plan by transferring the required payment amounts as per the agreement. The CoC sought NCLAT’s permission to withdraw its appeal against the National Company Law Tribunal (NCLT) order, citing the successful implementation of the resolution plan by IIHL.

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/indusind-international-assumes-control-of-reliance-capital-as-anil-ambanis-co-withdraws-petition/articleshow/119742858.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_