“Pay-up Or Quit The Deal,” RCAP Lenders Tell Billionaire Ashok Hinduja
LIC, EPFO’s warning to Hinduja comes after the group missed the March 31 deadline for payments. IRDA has raised suspicions over the opaque deal structure that violates India’s FDI norms. Time running out for Hinduja’s, as six-month RBI approval ends on 17 May Uncertainty looms over the closure of Reliance Capital’s (RCAP’s) insolvency resolution plan. […]