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RELIANCE CAPITAL NEWS

Reliance Capital finally comes under Hinduja fold

March 19, 2025 12:44 am

IIHL completes RCap acquisition

Anil Ambani at the 32nd AGM of Reliance Capital in Mumbai.

Why is a Reliance Capital Ltd investor challenging its resolution plan?

May 04, 2024 7:22 am

An investor has challenged SEBI's delisting norms and NCLT's approval of a resolution plan for Reliance Capital Ltd (RCL). The plan includes delisting of RCL's shares, which fails to protect the interest of investors, the petitioner alleged.

IRDAI raises concern over Hinduja Group-led IIHL bid for Reliance Capital

April 08, 2024 10:11 am

Insurance Regulatory and Development Authority of India (IRDAI) in a recent communication to Nageshwara Rao Y, the administrator of Reliance Capital has said that the resolution plan submitted by IIHL is not in line with insurance regulations.

NCLT approves Hinduja Group firm's resolution plan (File Image)

NCLT approves Hinduja Group firm's resolution plan for Reliance Capital

February 27, 2024 11:35 am

The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holdings Limited) in June 2023 in the second round of bidding for the debt-laden company. A detailed order in the matter is expected later in the day.

Reliance Capital resolution process completion deadline extended to July 16

April 18, 2023 2:30 pm

The National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery.

RCap lenders likely to push resolution deadline to end of May

April 08, 2023 4:57 am

Lenders of debt-ridden Reliance Capital (RCap) may consider extending the deadline for completing the resolution process till May 30 this year, sources said.

Reliance Capital lenders postpone 2nd auction to April 11; 3 bidders express interest

April 04, 2023 10:40 am

Reliance Capital is the third large non-banking financial company (NBFC) against which the central bank has initiated bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC).

RCAP resolution plan hits roadblock as bidders upset over another auction plan

March 27, 2023 10:50 am

The plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not inclined to another round under the insolvency resolution process.

NCLAT clears second auction for RCap

March 03, 2023 12:10 am

Torrent initially made highest bid; lenders had called for second round of auction after late IIHL bid

RCap resolution: NCLAT allows lenders' plea for another round of bidding

March 02, 2023 11:53 am

The NCLAT order came on a petition filed by Vistra ITCL (India), one of the lenders of Anil Ambani-promoted Reliance Capital, challenging an order of NCLT which restricted further auction of the bankrupt firm.