Reliance Infrastructure of the Anil Ambani group, has said 16 lenders have signed the Inter-Creditor Agreement (ICA) for the resolution of debt as per the Reserve Bank’s circular of June 7.
RInfra said it has now achieved standstill for 180 days as per the ICA. According to the RBI circular, the resolution plan of Reliance Infrastructure is to be implemented within 180 days. “Reliance Infrastructure is confident of implementing its resolution plan well before the 180-days deadline based on advanced progress of its various asset monentisation initiatives,” it said.
