CoC rejects Rs 600 crore fund infusion into Reliance General Insurance

The creditors committee (CoC) of bankrupt Reliance Capital has rejected a request for a fresh capital injection of Rs 600 crore to RCL subsidiary Reliance General Insurance. Insurance companies have asked for an infusion of funds to quote a solvency margin. A source said because the company is in the advanced stages of bankruptcy proceedings, it will not be able to offer more funding. RCL’s bankruptcy proceedings are pending at the National Company Law Court of Appeal.

Check Also

Indian Railways Offer Travel Insurance Options Upto ₹10 Lakh, Here’s How To Avail It

In India, the Indian Railways Tourism and Catering Corporation (IRCTC) offers optional travel insurance for …

Leave a Reply

Your email address will not be published. Required fields are marked *