Torrent Investments, which emerged as the top bidder in the auction process with an offer of ₹8,640 crore for Reliance Capital (RCap), had approached NCLT to restrain lenders from considering Hinduja’s upgraded offer of ₹9,000 crore
NCLT barred lenders of bankrupt RCap from conducting a second auction of its assets, terming it an ‘illegal mechanism’ to circumvent rules of bankruptcy code.
Get latest articles and stories on Latest News at LatestLY. Torrent Investment on Tuesday urged the National Company Law Tribunal (NCLT) to quash the lenders plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Latest News | Torrent Investment Asks NCLT to Quash Fresh CoC s Fresh Auction Round for Reliance Capital.
AGENCIES The National Company Law Tribunal (NCLT) on Friday approved the transfer of ownership of bankrupt Jet Airways to the Jalan-Kalrock consortium and gave the winning bidder more time to pay the dues to the creditors. The latest rulings have come on two petitions filed by the consortium. One plea pertained to approval of transfer
NCLT approves Jet Airways ownership transfer navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.