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

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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