Reliance Capital Limited

Financial service provider insolvency — resolution plan approved · source: NCLT order, 27 Feb 2024

Sector Financial Services Bench NCLT Mumbai Last process activity 23 months ago · tribunal order

Acquired by

IndusInd International Holdings Ltd

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Mumbai bench on a petition by a financial-sector regulator. Current status: Resolved.

Admission to plan approval

2 yr 2 mo

This case

NCLT Mumbai median · 1 yr 10 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 432 / 1,536). Pre-packs left out.

The company

Public limited company in Financial Services, registered in Maharashtra

Admitted claims

Over ₹2,000 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Financial Services · 130 closed

Resolved 36% · Liquidation 48% · Withdrawn or closed 15%

NCLT Mumbai · 1,753 closed

Resolved 25% · Liquidation 48% · Withdrawn or closed 27%

Resolved cases in this sector: creditors' typical haircut 81.6% n=42

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsCompany & MCA recordTimeline & key dates · 20 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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