Religare Finvest Ltd

Religare Finvest engages exterior company to analyze siphoning of funds by erstwhile promoters

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Religare Finvest Ltd (RFL), an entirely owned subsidiary of Religare Enterprises Ltd (REL), has commissioned an investigation into siphoning-off of funds by the erstwhile promoters of the corporate. “Pursuant to the phrases agreed with respect to the restoration proceeds of Company Mortgage E-book (CLB) portfolio and FDs misappropriated by Lakshmi Vilas Financial institution (LVB) (now … Read more

Delhi HC orders removing of ‘fraud’ tag from Religare Finvest

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The Delhi Excessive Courtroom has ordered the removing of the ‘fraud’ tag from Religare Finvest Ltd (RFL), a wholly-owned subsidiary of Religare Enterprises Ltd (REL). The lead financial institution of RFL had put the RFL’s account on the Reserve Financial institution of India’s Central Fraud Registry. The Delhi Excessive Courtroom order dated December 18 got … Read more