Anil Ambani

While this will further delay RCap’s ongoing insolvency process, the liquidation would also mean more haircut for the lenders

The RBI subsequently filed an application for initiation of CIRP against the company at the Mumbai bench of the National…

RCap has a debt of about Rs 20,000 crore, and together with RCF and RHF, it stands at about Rs…

The RBI appointed Nageswara Rao Y as the administrator in relation to the Corporate Insolvency Resolution Process (CIRP) of the…

Last year, certain bondholders – including Axis Bank and HDFC – had sold off their bonds to asset reconstruction company,…

As per the new plan being formulated, the new consortiums will also have to bid on an all-cash basis.

Earlier in February this year, the RBI appointed administrator had invited expressions of interest (EoIs) for sale of Reliance Capital.

The company has defaulted on repayment of its obligations to the lenders and debenture holders.