Reliance Home Finance could land at NCLT

NCD holders, represented by IDBI Trusteeship, plan legal action after RHFL defaults on bond repayments. A Reliance Capital spokesperson said that RHFL has sufficient assets to honour repayment claims from its bond buyers. RHFL had raised Rs 3,500 crore via public issuance of NCDs from about 20,000 investors.

from Banking/Finance-Industry-Economic Times https://ift.tt/2rTlQ02