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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 RCom's 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 is an option, people familiar with the matter said. Lenders of the telco, which filed for bankruptc...