Sunday, March 26, 2023

RCAP resolution plan hits roadblock as bidders upset over another auction plan

The plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not inclined to another round under the insolvency resolution process. The apex court has listed the matter regarding the second auction for a hearing in the month of August.

source https://economictimes.indiatimes.com/industry/banking/finance/rcap-resolution-plan-hits-roadblock-as-bidders-upset-over-another-auction-plan/articleshow/99012984.cms

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