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RCAP AUCTION
IndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pcIIHL had made the highest cash offer of Rs 9,661 crore in the auctions and secured as much as 99 per cent of the lenders' votes. The bid al...- Hinduja Group firm receives RCAP lenders' support in round 2Lenders of debt-ridden Reliance Capital Limited (RCAP) are expected to recover upfront cash of Rs 9,661 crore from Hinduja Group firm Indus...
- Reliance Capital Resolution: More challenges aheadAlthough Reliance Capital's (RCap) lenders succeeded in concluding the second auction with an improved offer, they will have to cross sever...
- Hinduja Group firm emerges highest bidder with Rs 9,650 cr offer for Reliance Capital in second auctionThe Reserve Bank of India (RBI) on November 29, 2021, superseded the board of Reliance Capital in view of payment defaults and serious gove...
- Lenders of Reliance Capital to meet on Monday to consider bidders' concernsAccording to sources, both the bidders have made it clear to the Committee of Creditors (CoC) that unless the issues raised by them are dul...
- Reliance Capital resolution process deadline may be extendedLenders of Reliance Capital may consider extending the deadline for completing the resolution process until May 30 as the second auction ro...
- RCap lenders postpone 2nd auction to April 11; three bidders express interestAccording to sources, the bidders who have confirmed their participation in the second round of auction are IndusInd International Holdings...
- Reliance Capital lenders plan auction on April 4The administrator is proposing to hold an auction amidst stiff resistance from Torrent Investments- one of the bidders for the Anil Ambani-...
- Uday Kotak says time to relook resolution policy as RCap auction hits roadblockThe plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not ...
- RCAP resolution plan hits roadblock as bidders upset over another auction planThe plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not ...
- Supreme Court declines to stay NCLAT order to hold second round of auction for RCap assetsThe Supreme Court on Monday declined to stay the National Company Law Appellate Tribunal's (NCLAT) order to hold a second round of auction ...
- Supreme Court agrees to hear Torrent's appeal against fresh auction of Reliance CapitalRCap's committee of creditors (CoC) is scheduled to conduct the second round of auction next Monday. However, the CJI orally said they may ...
- Second round of auction for Reliance Capital on Mar 20Sources with direct knowledge of the matter said the second round auction was aimed at getting the maximum value from the sale of assets.
- RCap Resolution: NCLAT concludes hearing, reserves order over lenders pleaSenior advocate Mukul Rohatgi, representing Torrent Investments concluded his arguments and submitted that the Insolvency & Bankruptcy Code...
- Free to negotiate for maximising asset value, RCap lenders tell NCLATLenders of Anil Ambani-promoted Reliance Capital had moved the NCLAT (National Company Law Appellate Tribunal) challenging an order of the ...
- No deviation in inviting 'challenge mechanism', RCap lender to NCLATLenders of Reliance Capital on Friday submitted before the insolvency appellate tribunal NCLAT that there was no deviation from procedures ...
- RCap resolution: NCLAT issues notices to Torrent Investments, others on lender's pleaThe appellate tribunal has directed to list the petition on February 9, 2023, saying the appeal would be heard and decided by it. Vistra IT...
- NCLT to hear case on Reliance Capital's 2nd auction on January 16 amid Torrent's protestThe matter was adjourned since the Hinduja group entity, another bidder in the fray and the committee of creditors sought additional time t...
- Reliance Capital's lenders plan 2nd auction on Jan 19A note circulated by the administrator to the bidders, including Torrent Investments and Hinduja Group entity, says that this is a continua...
- ACRE offers to buy LIC's Rs 3,400 crore Reliance Capital bondsThe ARC has offered 20-22 paise on a rupee recovery to the country's largest life insurer, one of the persons said. The binding bid by ACRE...
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