RCap lenders move NCLAT for forfeiture of funds in escrow account

The forfeiture of funds was appealed to secure the interest of the lenders and protect them from further losses which would accrue due to IndusInd International Holdings Ltd’s delay in implementing the NCLT-approved resolution plan.

RCap lenders move NCLAT for forfeiture of funds in escrow account
The forfeiture of funds was appealed to secure the interest of the lenders and protect them from further losses which would accrue due to IndusInd International Holdings Ltd’s delay in implementing the NCLT-approved resolution plan.