By CNBC-TV18 Jan 6, 2020 1:06:19 PM IST (Updated)
According to the report, the debt investors of the company, which is a unit of Reliance Capital, are all set to take legal action against the firm after it defaulted on bond repayments.
Reliance Home Finance (RHFL) may soon find itself facing recovery proceedings initiated by National Company Law Tribunal (NCLT), reported The Economic Times, citing multiple industry sources.
According to the report, the debt investors of the company, which is a unit of Reliance Capital, are all set to take legal action against the firm after it defaulted on bond repayments.
The IDBI trusteeship, that represents non-convertible debenture (NCD) holders of the firm, has appointed Shardul Amarchand Mangaldas as the legal adviser for the affected investors, the report said.