New Delhi: Authum Investments and Infrastructure has completed the takeover of Reliance Home Finance, following the Supreme Court's ruling against Bombay HC's order from December 2022, according to media reports.
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.
Torrent Investments had filed a plea before the tribunal on January 9, seeking to squash the lenders plans to hold a fresh auction for the debt-ridden Reliance Capital
Get latest articles and stories on Latest News at LatestLY. The National Company Law Tribunal (NCLT) on Wednesday asked the lenders to delay the second auction for Reliance Capital, which was scheduled for Thursday, till January 23 as it could not complete hearing arguments from both sides. Latest News | NCLT Delays Fresh Auction for Reliance Capital.