Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. The NOC essentially is a no dues certificate for RITL, a procedure followed before the implementation of the resolution plan.source https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal/articleshow/93624485.cms
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