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Reliance Home Finance could land at NCLT

Reliance Home Finance could land at NCLT

Monday, January 6, 2020, 8:37 PM

Debt investors of RHFL, a unit of Reliance Capital, are planning legal action that may include a request for initiating recovery proceedings in the National Company Law Tribunal against the stressed financier, which defaulted on bond repayments due earlier this month. "The NCLT application is likely, but through the Companies Act, as there are certain instances of irregularities," said an investor.
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