Friday, August 2, 2024

BANKING

Lenders of Reliance Capital cautioned Hinduja Group's IndusInd International Holdings for missing NCLT-imposed deposit conditions, including Rs 250 crore in a domestic escrow account and Rs 2,500 crore offshore. Given a final extension till August 10, IIHL has yet to meet deadlines, prompting lenders to reserve remedial rights.

from Banking/Finance-Industry-Economic Times https://ift.tt/KInWD8k
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