NCLT directs IIHL to deposit an equity amount of Rs 2,750 crore in CoC designated account

On Thursday, the bankruptcy court ordered Hinduja Group's IndusInd International Holdings (IIHL) to deposit Rs 2,750 crore into an escrow account for acquiring Reliance Capital through insolvency. The NCLT granted IIHL an extension to August 10 for completing the resolution plan, pending regulatory approvals. The matter will be further heard on August 13.