Get latest articles and stories on Latest News at LatestLY. Lenders of debt-ridden Reliance Capital (RCap) have fixed April 26 as the new date for the second auction. Latest News | Lenders of RCap Fix Apr 26 as New Date for Second Auction.
The major concern of the bidders is the compliance of the resolution plan with the Insolvency and Bankruptcy Code (IBC) and Request for Resolution Plan (RFRP) guidelines.
According to sources, the bidders who have confirmed their participation in the second round of auction are IHL of Hinduja Group, Torrent Investment and Singapore-based Oaktree.
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