by AIP Online Bureau | Jun 29, 2023 | Indian News, Life, Non-Life
However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC’s judgement in the appeal filed by Torrent Investments. The resolution process of Reliance Capital was mired into litigation...
by AIP Online Bureau | Apr 26, 2023 | Indian News, Life, Non-Life
However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC’s judgement in the appeal filed by Torrent Investments Mumbai bench of the National Company Law Tribunal (NCLT) has extended the...
by AIP Online Bureau | Jan 2, 2023 | Indian News, Life, Non-Life
In an e-auction conducted under the Challenge Mechanism, Torrent had presented a resolution plan for Reliance Capital Ltd (RCL) with a net present value of Rs 8,640 crore, while Hinduja’s offer was Rs 8,110 crore After the e-auction was over, sources said,...
by AIP Online Bureau | Dec 24, 2022 | Indian News, Life, Non-Life, Regulation
Lenders will now take a call on whether they will accept Hinduja’s revised bid Analysts say Hinduja offer of Rs 9,000 crore cash upfront trumps Torrent bid of just Rs 4,000 crore cash and the balance to be paid to lenders in three equal instalments in year 3/4/5 with...
