The debt-laden company promoted by Anil Ambani is undergoing a corporate insolvency resolution process (CIRP) at the Mumbai Bench of the National Company Law Tribunal (NCLT). The Reserve Bank had on November 29, 2021 superseded the board of Reliance Capital Ltd in view of payment defaults and serious governance issues.source https://economictimes.indiatimes.com/industry/banking/finance/reliance-capital-ceo-dhananjay-tiwari-resigns/articleshow/90277165.cms
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