The National Company Law Appellate Tribunal has allowed another round of auction for the debt ridden Reliance Capital Ltd. thereby allowing the Committee of Creditors stance of an extended round of auctions.
BQ Prime has written an article titled ‘Reliance Capital’s Insolvency: Value Maximisation Prevails Over Process Sanctity’. Mukesh Chand, Senior Counsel with Economic Laws Practice (ELP) has been extensively quoted on the same.
