The National Company Law Tribunal (NCLT) will hear on September 26 the resolution plan for debt-ridden Reliance Capital submitted by Hinduja Group firm Indusind International Holdings Ltd (IIHL) as Torrent Investments’ plea to keep the decision in abeyance has been rejected. The Mumbai bench of the insolvency tribunal has rejected the Torrent’s plea to keep the application for approving IIHL’s resolution plan in abeyance till a final order is passed by the Supreme Court in the matter.
The matter was listed for hearing on Tuesday before the insolvency tribunal, however, it has now been adjourned to September 26.
The NCLT said the Supreme Court on the plea filed by Torrent has ‘abundantly’ made it clear that it would be kept in abeyance…
Read the full article at: https://m.economictimes.com/industry/banking/finance/reliance-capital-insolvency-nclt-rejects-torrentss-plea-to-hear-hindujas-resolution-plan-approval-on-september-26/articleshow/103641204.cms