Bank of Baroda petitions Delhi HC to vacate stay on Reliance Home asset sale

The case refers to inter corporate deposits (ICDs) of Rs 200 crore invested by SPG subsidiary Always Remember Properties Pvt Ltd in June 2019 into RHFL which defaulted in its payment obligations. Reliance had promised to pay back the total dues by raising money out of the money raised through its stake sale in its asset management company.

from Banking/Finance-Industry-Economic Times https://ift.tt/3c28QrX