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Reliance Capital - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

Share Source By

Dion Global

21 Jan 2025

This is in furtherance to our intimations dated February 27, 2024 February 28, 2024 and March 04, 2024, whereby it was intimated by the Company (defined below) that vide an order dated February 27, 2024, the Hon'ble National Company Law Tribunal, Mumbai bench ('NCLT') approved the resolution plan dated June 06, 2023 submitted by IndusInd International Holdings Ltd. ('IIHL') in the corporate insolvency resolution process of Reliance Capital Limited ('Company') ('Approved Resolution Plan'), in accordance with Section 31 of the Insolvency and Bankruptcy Code, 2016 ('Code').\r\n\r\nWe wish to inform that in terms of the 'Approved Resolution Plan', the Company has in accordance with the approval of the monitoring committee, made applications to (i) BSE and NSE for delisting of equity shares of the Company; and (ii) BSE for delisting of non-convertible debentures of the Company, on January 21, 2025.