The National Company Law Tribunal (NCLT) has directed lenders and monitoring committee to complete all procedural issues by March 12 for the ownership transfer of debt-ridden Reliance Capital (RCAP) to IndusInd International Holdings Limited (IIHL).
The Court directed all stakeholders, including the Committee of Creditors, Monitoring Committee, IIHL, and the Administrator, to complete all outstanding procedural formalities by March 12, the spokesperson added.
The Mumbai-bench of NCLT on Wednesday heard the matter related to the resolution process of RCAP and asked all parties to complete all pending procedural aspects before the next hearing on March 12.
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