Reliance Capital COC rejects all bids, decides liquidation: Sources – Business Standard

The Committee of Creditors of Reliance Capital, in its meeting held on Wednesday, has decided to reject all the binding bids that it received from the bidders on Monday

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Reliance Captial|finance sector|Companies

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The Committee of Creditors (COC) of Reliance Capital (RCAP), in its meeting held on Wednesday, has decided to reject all the binding bids that it received from the bidders on Monday.

The COC is now considering sending Reliance Capital to liquidation, under the newly introduced regulation 6(A) of the IBC, whereby each individual business can be sold separat…

Read the full article at: https://www.business-standard.com/article/companies/reliance-capital-coc-rejects-all-bids-decides-liquidation-sources-122113000894_1.html