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  • Connect
Apr 15, 2025

The Administrator in the resolution of Reliance Capital Limited (“RCap”) under the IBC and its acquisition by IndusInd International Holdings Limited (“IIHL”).

AZB & Partners advised the Administrator in the resolution of Reliance Capital Limited (“RCap”) under the IBC and its acquisition by IndusInd International Holdings Limited (“IIHL”). This is the third financial institution that the RBI has admitted into IBC. The first two, DHFL and the SREI twins, we had helped resolve earlier in 2021 and 2023. RCap is an NBFC with a number of subsidiaries in various financial services businesses including a couple of insurance companies, other NBFCs, asset reconstruction companies, securities brokers, etc.

Our restructuring team involved Nilang T. Desai, Avinash Subramanian, Jay Kothari, Aditya Bhadra Ray, Aashirwa Baburaj and Jigme Palzer Tshering with assistance from Parth Mishra. Our Mumbai litigation team involved Vivek Shetty, Aditi Bhansali, Dhaval Vora, Tejas Vijay Raghav, our Delhi litigation team involved Vijayendra Pratap Singh, Anindita Roy Chowdhury, Bharat Makkar, Sushrut Garg. Special thanks to Bahram Vakil for his support and inputs.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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