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01/04/2023 02:04

Reliance Home Fin - Implementation Of Resolution Plan

Further, to our letter(s) dated March 3, 2023 and March 13, 2023, pursuant to the approved Resolution Plan of the Company by its Lenders in terms of RBI Circular No. RBI/2018-19/ 203, DBR.No.BP.BC.45/21.04.048/2018-19 dated June 7, 2019 on Prudential Framework for Resolution of Stressed Assets, the order of Hon'ble Supreme Court of India dated March 3, 2023 and the special resolution passed by the Shareholders dated March 25, 2023, the Resolution Plan comprising the total Resolution amount of Rs. 3,351 crore has been implemented.