The shares of the company's brother Anil Ambani's brother Anil Ambani's shares were seen yesterday, after which it seemed that his good days would come. But there is a news that Anil Ambani's deal has come in the deal of Reliance Capital. The Escro agreement between the creditors of this company and the lenders of IndusInd International Holdings Limited is stuck. Funding of Rs 4,300 crore has been stopped for the agreement.
A deal was set between the company of the Hinduja Group and the company of Anil Ambani, which was to be signed by February. But now the amount fixed in it is stuck. In fact, the deal of both companies is stuck on how the system will be for unemployment in the case of the case between the escrow period. For this, IIHL has filed a petition near the Mumbai bench of the National Company Law Tribunal.
IIHL had to pay a total of Rs 9,861 crore for the Escro agreement. It included Rs 2,750 crore as equity and 7,300 crore loans. Out of this amount, IIHL has so far frightened 5,750 crores and the rest has been stuck on the remaining amount.
According to the deal, IIHL had to submit the necessary documents related to the deal in front of the Administrator and Creditor Committee (COC), out of which the company submitted all the documents by 31 January 2025, except two documents. But the dispute is on the same two documents, which have not been deposited. The company has not submitted documents from Neintermediat Escro Agreement and Global Escrow Agreement. Therefore, the lenders are worried that if there is a dispute when there is a dispute while keeping money in Escrow before transfer of shares, then how will it be settled.
