In a letter to Rao, IDBI Trusteeship Administrations said the charges have been made based on a media article which said IDBI Legal administrator has claimed that RCap CoC minutes don’t precisely reflect conversations.

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“At the beginning we are astounded to take note of the contents of your email which are unjustifiable, unverified and a long way from reality. We deny something similar,” IDBI Legal administrator said in the letter to Dependence Capital manager.

“We note that said implied charge has been raised as the said letter as far as anyone knows alludes to the worries brought up in our letter dated August 16. It is expressed that just in light of the fact that the said article alludes to the worry brought up in our aforementioned letter doesn’t in any way at all lay out or try and propose, without a doubt, that similar has been distributed at our command.

You are completely put to verification in such manner. Going against the norm, this just mirrors that your email (counting the charges made in that) have been put forth without taking any attempts to confirm the verifiable position,” IDBI Legal administrator said.

“As a trustworthy expert legal administrator organization, we are constant about the responsiveness of the data in question and are limited by the endeavor outfitted by us comparable to the equivalent. We as well as the protected party with whom we are going about as legal administrator, deny any break of secrecy being committed as supposed in your email”, IDBI Trusteeship Administrations said.

“Considering the above position, you are being mentioned to sympathetic forthwith pull out the charge brought up in your email,” IDBI Legal administrator said in the letter.

— Business Standard (@bsindia) September 18, 2022