By noon today, nearly 77.5 per cent voting was completed with lead creditor IDBI Bank and other lenders like SBI participating in the voting on Hazel Mercantile's Rs 2,700 crore bid for Anil Ambani's bankrupt shipyard.
As part of this last-ditch effort, Ambani has moved to torpedo Mumbai-based industrialist Nikhil V. Merchant’s bid by questioning his eligibility to participate in the bidding for Reliance Naval.