Reliance Capital lenders move NCLAT over IIHL's payment delay

Secured lenders of Reliance Capital sought the National Company Law Appellate Tribunal's intervention to include interest on delayed payments by IndusInd International Holdings (IIHL). They also sought permission to forfeit ₹2,750 crore in case of default. This move followed a July NCLT order granting IIHL time extension for their resolution plan's implementation.