As the deadline for the submission of binding bids approaches, the bidders of Reliance Capital, including Hinduja, Torrent, Zurich, and Piramal have flagged off various legal issues to the lenders and Administrator, involving Reliance Capital .
Reliance Capital Committee of Creditors (COC) has decided to extend the date of submitting the binding bids from October 31 to November 20.This extension has been granted in view of NCLT recently approving a 90 days extension for the completion .
NCLT extends Reliance Capital resolution process completion deadline to January 31, 2023. The earlier deadline was November 1, 2022.This is the third extension, as the timeline has been extended twice in the past.As per the Insolvency and .
The completion deadline for Reliance Capital resolution process is to be extended by 90 days to February 1, 2023. The current deadline ends on November 1.The administrator is all set to approach NCLT Mumbai to seek 90 days' extension. This will .