RBI’s insolvency move against Reliance Capital may face problems

Even as the Reserve Bank of India has initiated insolvency proceedings against it, the pending resolution of two of its subsidiaries – Ltd. (RHFL) and Reliance Commercial Finance (RCFL) with orders from the market regulator shadowed the process. ready to pour. Insolvency rules working against each other. Lenders had selected the preferred bidder about six … Read more

RBI’s action against Reliance Capital: Too late

The decision to publicize the Anil Dhirubhai Ambani Group (ADAG) payment default two years after the Reserve Bank of India prompted experts to ask what drove the move at this time. Critics have sharply and rightly said that lenders will have to pay a price for this delay. Reliance Capital was classified as a major … Read more

Maharashtra government files case against Reliance General Insurance

Maharashtra government has registered a police case against Reliance General Insurance Company (RGICL) in Parbhani district, accusing it of disobeying the order issued by the district collector for payment of insurance claim amount to farmers under Pradhan Mantri Fasal Bima Yojana has gone. Maharashtra Agriculture Department officials said this is the first time such an … Read more