Reliance Capital’s resolution: Bidders dissatisfied with another auction plan

Reliance Capital’s resolution: Bidders dissatisfied with another auction plan.

On March 20, 2023, the Supreme Court (SC) accepted Torrent Investments’ (the highest bidder with an 8,640 crore resolution plan) challenge against the lenders’ decision to arrange another round of auction.

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Reliance Capital’s insolvency has been ongoing for more than 450 days, much exceeding the statutory time limit of 330 days.

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