Hinduja: The RCap lenders’ deadline is untenable
The Hinduja Group has declared that it is not “tenable” and has rejected lenders’ demands that the Reliance Capital (RCap) resolution plan be implemented by March 31. This includes the release of payment. According to a letter from IndusInd International Holdings (IIHL) to the administrator, implementing the resolution plan—especially one as large and complex as…
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