The plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not inclined to another round under the insolvency resolution process.
The Supreme Court (SC) on March 20, 2023, admitted Torrent Investments' the highest bidder with ₹8,640 crore resolution plan appeal against the lenders' decision to hold another round of auction.
Reliance Capital s lenders move to conduct a second round of auction is facing difficulties as the bidders are not said to be keen on another round under the insolvency resolution.
Reliance Capital s lenders move to conduct a second round of auction is facing difficulties as the bidders are not said to be keen on another round under the insolvency resolution.