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Court orders ₹10 lakh compensation to kin of electrocution victim

Court orders ₹10 lakh compensation to kin of electrocution victim Updated: Updated: Share Article AAA The Delhi High Court on Friday ordered ₹10 lakh compensation to the parents of a man, who died when an electric wire fell on his bicycle. Justice Jayant Nath said the compensation amount will be the liability of BSES Rajdhani Power Limited and Reliance General Insurance Company Limited “jointly and severally”. “It is for them to decide inter se as to in terms of the insurance policy taken by respondent no.2 [BSES], whether the liability to pay compensation is of respondent no.2 or is of respondent no.3 [Reliance General Insurance],” the high court said.

Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far

Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far IANSDec 22, 2020, 17:24 IST BCCL New Delhi, Reliance Capital s (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 bids being received. SBI Life and Apollo are among the 10 new bidders who have submitted expressions of interest for Reliance Capital s assets, taking the total number of bids to 60. December 1 was earlier the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited and JM Financial Services Limited, the advisors to the lenders. Later the date for submitting the bids was extended to December 17.

Reliance Capital s EOI for asset monetisation receives 60 bids

Reliance Capital s (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 bids being received. December 1 was the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited and JM Financial Services Limited, the advisors to the lenders. Over eight bidders have bid for entire RCAP assets on as-is-where-is basis. The prominent among them are Oaktree, J.C. Flower and multiple ARCs. For Reliance General Insurance, which is owned 100 per cent by RCAP, there are 18 bidders and prominent among them are, Chryscap, J.C. Flower, Blackstone, KKR, CVC Capital Partners, and Bain Capital.

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