Page 2 - Resolution Plans News Today

The Committee of Creditors (COC) of Reliance Capital, which met on Friday to decide on the Challenge Mechanism process, remained divided and undecided on the modalities of the proposed process to be adopted in the bidding process.The COC failed ...

The Committee of Creditors (CoC) of Reliance Capital (RCAP) is scheduled to meet on Friday to decide on the newly-introduced clause, Challenge Mechanism, in the final binding process.Notably, bidders like Piramal, Hinduja, Torrent, Zurich, ...

Pipavav Shipyard, the largest drydock of India is undergoing CIRP for last more than two years, i.e. January 2020.Hazel Mercantile Limited, in consortium with Swan Energy Limited, is one of the Resolution Applicants and they had filed their ...

Pipavav Shipyard, the largest drydock of India is undergoing CIRP for last more than two years, i.e

Synopsis The Code emphasizes on reorganization and insolvency resolution of the Corporate Debtor, while maximizing the value of assets of the CD and promoting entrepreneurship, availability of credit and balancing the interests of all stakeholders. iStock When the Code was introduced it took time to settle before it was used cautiously by the creditors especially operational creditors. The Government of India by way of an ordinance on April 4 2021 amended the Insolvency and Bankruptcy Code 20...

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Classification as fraud account unjustified: RCom In the case of Reliance Infratel, Reliance Jio unit Reliance Digital Platform is the successful Resolution Applicant and lenders will get Rs 4,400 crore from the implementation. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  After several Indian banks marked the loan accounts of Reliance Communications Ltd and two other subsidiaries as fraudulent, the bankrupt Anil Ambani-led firm released a statement Wednesday calling...

RCom group owes around Rs 26,000 crore to Indian banks, financial institutions, says company PTI New Delhi:  Debt-ridden telecom firm Reliance Communications Wednesday said the group owes around Rs 26,000 crore to Indian banks and financial institutions. The Indians banks, vendors and other creditors have made claims of around Rs 86,000 crore on the company which is currently going through insolvency proceedings. “As per figures certified by the Resolution Professional appointe...

Reliance Group refutes false and mischievous campaign on RCOM in social media ​ By IANS | Published on ​ Wed, Dec 30 2020 15:21 IST | ​ 0 Views Social media. (File Photo: IANS). Image Source: IANS News Mumbai, Dec 30 : Refuting social media posts stating that the R Com group of companies owes Rs 86,188 crore to Indian banks and financial institutions, a strongly worded statement was issued by a Reliance Group spokesperson on Wednesday. The statement said - It is being falsely and mis...

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