The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed a petition filed by Reliance Capital lenders seeking another round of auction for the debt-ridden firm. A two-member bench set aside an order passed by NCLT and said the Committee of Creditors (CoC) has the power to negotiate and call for a higher bid.source https://economictimes.indiatimes.com/industry/banking/finance/nclat-allows-reliance-capital-lenders-plea-for-another-round-of-bidding/articleshow/98355306.cms
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