Axis Trustee Services, one of the financial creditors to Future Retail, has approached the NCLT after the resolution professional rejected its claims worth ₹470 crore out of total claims of ₹1,266 crore
Get latest articles and stories on Latest News at LatestLY. The National Company Law Tribunal (NCLT) on Thursday allowed Torrent Investments plea challenging bankers decision to hold a fresh round of auctions for the takeover of Anil Ambani-promoted Reliance Capital and said the challenge mechanism for financial bids has already concluded. Latest News | NCLT Allows Torrent Investment s Plea Against Reliance Capital Lenders, Halts Fresh Auctions.
In an interim order passed on 3 January, the NCLT, granted relief to Torrent Investments, by directing the administrator of bankrupt Reliance Capital Ltd not to present the revised offer Hinduja group made past the auction deadline to the lenders until the next hearing date.