The earlier DR plan was rejected by the Reserve Bank of India (RBI) in March 2020 as the suitor--TCG Advisory Pvt. Ltd, a part of The Chatterjee Group--for the RFL was not found to be 'fit and proper' by the regulator.source https://economictimes.indiatimes.com/industry/banking/finance/expect-religare-finvests-debt-restructuring-to-be-over-in-2-months-says-official/articleshow/82128741.cms
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