
CoC move aims to curtail disputes between creditors.
The total income declined to Rs 3 crore in the March 2023 quarter from Rs 5 crore in the year-ago…
The Supreme Court has refused the committee of creditors’ (CoC’s) plea for an early listing of Reliance Capital’s (RCap) insolvency…
Hinduja Group, the sole bidder for Reliance Capital (RCap), is in discussions with a clutch of lenders to raise up…
IndusInd International Holdings (IIHL), the company through which the Hinduja Group placed its bids, has offered to invest Rs 300…
Lenders of debt ridden Reliance Capital (RCap) will meet on Friday to take a call on Hinduja Group firm’s bid…
Hinduja Group, which placed its bids through a group firm IndusInd International Holdings (IIHL), has assured there will be no…
During the first e-auction, Torrent Group had placed its bids through a group company Torrent Investments, while that by the…
The 90 days deadline extension was necessitated as the lenders decided to hold a second round of auction on April…
RCap has been undergoing a insolvency since November 29, 2021, when the RBI superseded its board.
LIC has an admitted claim of Rs 4,909 crore and EPFO of Rs 3,309 crore, and they jointly have over…
Separately, on Monday, the administrator moved an application before the National Company Law Tribunal’s Mumbai bench, seeking an extension till…
RCap has been in insolvency since November 29, 2021, when the RBI superseded its board.
Considering the fact that the second round of auction is yet to take place, it is not possible to wrap…
The other resolution applicant in the fray is IndusInd International Holdings (IIHL), the firm through which the Hinduja Group had…
The Reliance Capital case shows why the insolvency process is broken and needs some urgent fixing
IIHL’s confirmation saves RCap from a possible liquidation process. In case of no interest from bidders, the former Anil Ambani…
According to sources, IndusInd International Holdings Ltd (IIHL) of Hinduja Group on Monday told the Committee of Creditors (CoC) it…
The Committee of creditors (CoC) of debt-laden Reliance Capital (RCap) is yet to decide a date for the second round…
The CoC is likely to meet later on Monday to finalise the date to hold the extended challenge mechanism, now…
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