The National Company Law Tribunal (NCLT) has approved Reliance Capital’s administrator’s appeal for a correction to expedite the resolution process. The adjustment requires the Hinduja Group, the chosen applicant for RCap, to execute the resolution plan by May 27. The 90-day period for plan implementation will start once all necessary regulatory approvals are obtained. RCap’s committee of creditors has urged the Hinduja Group to adhere to the timeline previously discussed.
NCLT Grants Reliance Capital’s Appeal for Resolution Plan Adjustment
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