No new date has been decided yet, the report said, adding, it may be finalised in a week or two. Last week, lenders postponed the second auction to April 11
Lenders of debt-ridden Reliance Capital (RCap) may consider extending the deadline for completing the resolution process till May 30 this year, sources said.
The central bank subsequently filed an application for initiation of CIRP against the company at the Mumbai bench of the National Company Law Tribunal.
Reliance Capital Resolution Process Deadline May Be Extended outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
Considering the fact that the second round of auction is yet to take place, it is not possible to wrap up the resolution process within the current deadline which is April 16