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

This is in continuation to our earlier disclosure dated February 28 2024 pertaining to the approval of the resolution plan submitted by IndusInd International Holdings Ltd. (IIHL or the Successful Resolution Applicant) in the corporate insolvency resolution process of Reliance Capital Limited (RCL) by the Honble National Company Law Tribunal Mumbai ("NCLT) on February 27 2024 (Approved Resolution Plan). Further to our disclosure dated May 27 2024 pertaining to the IA 2561/2024 in C.P.(IB)/1231(MB)2021 filed by the Successful Resolution Applicant under Section 60(5) of the Insolvency and Bankruptcy Code 2016 read with Rule 11 of the National Company Law Tribunal Rules 2016 for seeking an extension of 90 days from May 27 2024 for the implementation of the Approved Resolution Plan we hereby inform you that the matter was heard on June 6 2024 by the Honble NCLT. We are awaiting a copy of the order and shall keep the Stock Exchanges updated on the matter.


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