Reliance Capital Limited announced that delay in debt servicing is due to prohibition on the Company from making any payment to secured or unsecured creditors and to dispose off, alienate, encumber either directly or indirectly or otherwise part with the possession, of any assets except in the ordinary course of business such as payment of salary and statutory dues, vide Orders dated December 3, 2019 and December 5, 2019 passed by the Hon'ble Debts Recovery Tribunal, Orders dated November 20, 2019 and March 15, 2021 passed by the Hon'ble Delhi High Court, and Orders dated November 28, 2019, November 4, 2020, and March 5, 2021 passed by the Hon'ble Bombay High Court, resulting in non- payment of the interest obligation due on November 25, 2021 with respect to the Non-Convertible.