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Adani Finserve - Adani, Tata AIG, ICICI Lombard among 54 prominent bidders for Reliance Capital

The Reserve Bank-appointed administrator had extended the last date for submission of bids for debt-ridden firm to March 25 from March 11 earlier

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Deadline for submission of bids for Reliance Capital extended to Mar 25

The Reserve Bank of India (RBI) had on November 29 last year superseded the board of Reliance Capital Ltd (RCL).

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Srei Equipment s decision to convert group co loan to preference shares raise eyebrows

According to available information, the Srei Equipment Finance had converted a loan obligation, and had given loan to a group company Quippo Oil & Gas Infrastructure as a preference share capital.

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RBI retains Advisory Committee of Reliance Capital

The RBI had last week filed an application for the initiation of Corporate Insolvency Resolution Process (CIRP) against Reliance Capital at NCLT.

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NCLT admits RBI plea to initiate insolvency proceedings against Reliance Capital

RBI had on November 29 superseded the board of Anil Ambani-promoted Reliance Capital Ltd (RCL) in view of payment defaults and serious governance issues.

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