Request For Resolution Plan News Today

Reliance Capital likely to share RFRP with bidder by Wed; all cash bids to get highest score : Rashtra News #Reliance #Capital #share #RFRP #bidder #Wed #cash #bids #highest #score Lenders of debt-ridden Reliance Capital Ltd (RCL) are likely to share the Request For Resolution Plan (RFRP) document with bidders by Wednesday or Thursday and

The central bank subsequently filed an application for initiation of CIRP against the company at the Mumbai bench of the National Company Law Tribunal.

Reliance Capital had offered two options to all the bidders, , reliance capital

Lenders of debt-ridden Reliance Capital Ltd (RCL) are likely to share the Request For Resolution Plan (RFRP) document with bidders by Wednesday or Thursday and bids with a high upfront cash payment component will get the maximum score as a part of the resolution process, sources said.

RCL likely to share RFRP with bidder; all cash bids to get highest score

RCL had offered two options to all the bidders. Under the first option, companies could bid for Reliance Capital, including its eight subsidiaries or clusters. The second option gave the company freedom to bid for its subsidiaries, individually or in a combination, , reliance capital, resolution framework

Synopsis Lenders of the telco, which filed for bankruptcy in May 2019, are worried that similar to the Aircel case, the Reserve Bank of India (RBI) is unlikely to permit asset reconstruction firm UVARCL buying RComs spectrum and other assets under a resolution plan, the people said. Wikipedia A consortium of Reliance Communications (RCom) lenders, led by the State Bank of India, have held discussions with resolution professional Deloitte on whether rebidding for the bankrupt telco’s assets i...