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Torrent Investments Private Limited has moved the Supreme Court against the decision of National Company Law Appellate Tribunal (NCLAT) allowing Reliance Capital Ltd to hold another round of auction for the debt-ridden firm which is undergoing an insolvency process. ....
Read Latest Agency News Quickly Here | The CoC may proceed to fix a date after two weeks for holding a Revised Challenge Mechanism or/and to take any steps for further negotiations with the Resolution Applicants as per the relevant Clauses of the RFRP and further exclusion of 30 days period is allowed, NCLAT said. ....
The deadline for the submission of Resolution Plan for Reliance Capital (RCAP) is likely to be extended yet again as bidders seek more time to complete the due diligence process.According to sources, few bidders, including Piramal, Torrent, . ....