Mumbai, Sep 13 (IANS) In a setback for Torrent Investment, the NCLT’s Mumbai bench has rejected its plea seeking a stay on the ongoing resolution process of Reliance Capital. The NCLT will now hear the Reliance Capital resolution plan approval application of the administrator on September 26. In its plea, Torrent Investment had sought NCLT’s directions to keep the Reliance Capital resolution plan approval in abeyance till the final orders are passed by the Supreme Court. Torrent had also asked the NCLT to direct IIHL – the successful resolution applicant, the administrator, and the COC to not undertake any further actions in respect of the conclusion of the resolution process of the Relianc
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