Delhi HC stays RBI order on Religare Finvest's debt recast
The RFL unit contested lenders' decision to classify its loans as fraudulent, arguing that the firm was a victim of fraud perpetrated by its former management.
Source: businesstoday.in
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The RFL unit contested lenders' decision to classify its loans as fraudulent, arguing that the firm was a victim of fraud perpetrated by its former management.
Religare Enterprises chairperson and RFL CMD Dr Rashmi Saluja said that the company has challenged the process of classifying RFL as ‘fraud’ account.