National Company Law Tribunal allows RBI's insolvency plea against Reliance Capital

The order was pronounced by a Bench comprising judicial member Pradeep Narhari Deshmukh and technical member Kapal Kumar Vohra.
 RBI and Reliance Capital
RBI and Reliance Capital
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The National Company Law Tribunal's (NCLT) Mumbai Bench has allowed a plea filed by the Reserve Bank of India (RBI) against Reliance Capital Limited (RCL) seeking initiation of the Corporation Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).

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