For bankrupt Reliance Capital, the NCLAT allows another round of bidding.
Another round of bidding for the insolvent company Reliance Capital has been approved by the National Company Law Appellate Tribunal (NCLAT).
The judgement will make it easier for the Indian lenders to negotiate better terms with the two bidders.
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The COC was prevented from finding a higher value by the prolonged challenge mechanism.
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