Reliance Capital informs about disclosure

25 Sep 2021 Evaluate

Reliance Capital has informed that it enclosed the disclosure in terms of SEBI Circular No. SEBI / HO / CFD / CMD1 / CIR / P / 2019 / 140 dated November 21, 2019. The delay in debt servicing is due to prohibition on the Company to dispose off, alienate, encumber either directly or indirectly or otherwise part with the possession, of any assets except in the ordinary course of business such as payment of salary and statutory dues, pursuant to Order dated November 20, 2019 and March 15, 2021 passed by the Hon’ble Delhi High Court, and Orders dated December 3, 2019 and December 5, 2019 passed by the Hon’ble Debts Recovery Tribunal, Mumbai and Orders dated November 28, 2019, November 4, 2020 and March 5, 2021 passed by the Hon’ble Bombay High Court. In view of the above the Company is unable to proceed with its asset monetization resulting in delay in its debt servicing.

The above information is a part of company’s filings submitted to BSE.

Reliance Capital Share Price

11.79 0.00 (0.00%)
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