Reliance Capital Ltd

The CoC has invited all the (four) original bidders, but how many may participate is not known, said a source

In the fight for Reliance Capital, Torrent may not place a bid in the auction, while the Hindujas may not raise their bid from the previous offer, say sources

The CoC is likely meet this week to discuss and finalise the next course of action

The plea is likely to admitted in the coming week

Committee of creditors sets bid threshold at ₹9,500 crore

The order came against pleas filed by Vistra ITCL, the debenture trustee acting on behalf of 90% of the lenders and IndusInd International Holdings against Torrent Investments

The CoC had unanimously voted for an extended challenge mechanism, as the outcome of the first one was considered sub-optimal and unsatisfactory.

The proceeds will be Reliance General Insurance’s solvency level from 155-160 per cent to 175-180 per cent, to replace capital charge items, and to provide for growth capital in coming months

Urbanrise plans township project with development potential of 13 million sq ft

While NCLT Mumbai Bench has disallowed a second round, the Hyderabad Bench had taken a contrary view in another case

According to IIHL, the impugned order by NCLT halts the COC’s decision to continue with the challenge mechanism aimed at maximising revenues for the lenders