Articles for Reliance Home Finance

Sebi bans Anil Ambani and 24 others from market for five years, slaps Rs 254 crore fine
4 months ago

Sebi bans Anil Ambani and 24 others from market for five years, slaps Rs 254 crore fine

New Indian Express  

MUMBAI: The markets watchdog Securities and Exchange Board has banned Anil Ambani and 24 others, including former key officials of Reliance Home Finance, from the securities market for five years charging them with fund diversion by creating a “fraudulent scheme to siphon off money from the company by structuring it as loans to credit-unworthy borrowers.” The Rs 104 crore cumulative …

Finance Fine Loans Order Company Shah Crore
Rel Home NCD holders claim BoB flouted SC order
1 year, 6 months ago

Rel Home NCD holders claim BoB flouted SC order

Live Mint  

MUMBAI : The debenture holders of Reliance Home Finance Ltd have issued a legal notice to state-owned Bank of Baroda, accusing it of engaging in foul play, and disregarding the directives issued in a recent Supreme Court ruling. “BoB, the lead bank of the inter-creditor agreement consortium, not only participated but also ensured the Supreme Court order is breached with …

Bob Reliance Home Finance Rel Debenture Reliance Home Ncd Holders
Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market
2 years, 10 months ago

Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market

India Today  

Sebi on Friday restrained Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off funds from the company. The order noted that the company's Key Managerial Persons like Executive Director and CEO Ravindra Sudhalkar and the CFOs -- Amit Bapna and Pinkesh R Shah -- "instead of bringing such misdeeds to …

Loans Order Company Sebi Funds Pvt Reliance
Litigation delays resolution even outside insolvency code ambit
3 years, 9 months ago

Litigation delays resolution even outside insolvency code ambit

Live Mint  

MUMBAI: Not just in insolvency cases, litigations have also held up recoveries in stressed assets where resolutions are being attempted outside the purview of the Insolvency and Bankruptcy Code. For instance, Bank of Baroda, the lead lender to Reliance Home Finance Ltd moved the Delhi High Court on 3 March against a November 2019 stay order coming in the way …

Resolution Bank Plan Mint Lenders Reliance Home Finance Bank Of Baroda
Lenders Extend ICA for Reliance Home Finance Resolution Till Mar 31
3 years, 11 months ago

Lenders Extend ICA for Reliance Home Finance Resolution Till Mar 31

News 18  

New Delhi: Lenders to troubled mortgage firm Reliance Home Finance have extended the inter-creditor agreement for another three months. Reliance Home Finance, part of Anil Ambani-promoted Reliance Group, recently got bids from six suitors as part of the debt resolution process. “The lenders of the company forming part of the Inter creditor Agreement, executed pursuant to the Reserve Bank of …

Ica Reliance Home Finance
PNB classifies its loan exposure to Reliance Home Finance as fraud
4 years, 4 months ago

PNB classifies its loan exposure to Reliance Home Finance as fraud

Live Mint  

Punjab National Bank has classified its exposure to Reliance Home Finance Ltd as a fraud account and communicated it to the Reserve Bank of India, three bankers aware of the development said. PNB made the decision following a forensic audit report that highlighted some Reliance Home Finance transactions with other companies in the same group, the bankers cited above said …

Finance Fraud Bank Loan Forensic Audit Rbi Account