IndusInd International assumes control of Reliance Capital as Anil Ambani’s co withdraws petition

Reliance Capital’s lenders withdrew their petition against IndusInd International Holdings Ltd (IIHL) after successful execution of a resolution plan. IIHL transferred the required payment amounts, leading to the National Company Law Appellate Tribunal (NCLAT) allowing the withdrawal request. IIHL officially took control of Reliance Capital, completing the resolution process and settling payments with the firm’s lenders.

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