In the first auction on December 21, Torrent Investments made the highest offer of Rs 8,640 crore, while the Hinduja Group entity offered Rs 8,110 crore. However, within 24 hours, the Hinduja entity gave a revised, improved offer of Rs 9,000 crore, a development contested by Torrent.
Reliance Capital’s insolvency process has already been postponed by more than a year and has a deadline of 31 March 2023, according to the National Company Law Tribunal (NCLT)., , reliance capital, torrent group, latest updates, Insolvency, hinduja group