Thu 09/30/2021 05:52 AM
Catalyst Trusteeship Ltd., representing INR 1.25 billion ($17 million) unsecured, subordinated, redeemable, rupee-denominated non-convertible debentures issued by Reliance Home Finance Ltd. (RHFL), have not received requisite consent from bondholders to join the intercreditor agreement (ICA), which was signed by the bank lenders on July 6, 2019, according to a Sept. 3 letter written by Catalyst to the Reserve Bank of India, again seeking to initiate insolvency and bankruptcy process against...
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