The Committee of Creditors of the Anil Ambani-owned Reliance Capital Ltd. has informed the National Company Law Tribunal that it will reschedule the ‘extended auction’ to Jan. 23. The auction was originally scheduled for Jan. 19.The CoC agreed to do this in light of Torrent Investments Ltd.’s pending challenge before the insolvency court. In a reciprocal arrangement, Torrent has agreed not to withdraw the commitment of paying its bid…
The Committee of Creditors of the Anil Ambani-owned Reliance Capital Ltd. has informed the National Company Law Tribunal that it will reschedule the ‘extended auction’ to Jan. 23. The auction was originally scheduled for Jan. 19.
The CoC agreed to do this in light of Torrent Investments Ltd.’s pend…
Read the full article at: https://www.bqprime.com/law-and-policy/reliance-capital-insolvency-creditors-agree-to-reschedule-auction-to-jan-23