Express News Service
NEW DELHI: As bids for Reliance Capital, which is undergoing corporate insolvency resolution process (CIRP), have been much lower than the liquidation value of Rs 13,000 crore, a major difference of opinion has cropped up between the lenders and the Reliance Cap administrator. While the committee of creditors (CoC) wants to proceed with the ongoing process and bring finality to the resolution process by awarding the company to the highest bidder, administrator Y Nageshwar Rao wants the company to go into liquidation.
Sources told this newspaper administrators advisor Deloitte is of the opinion that the value of the bids is so low (60-70% below the liquidation value) that RCap should go for liquidation. RCap has re…
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