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Passing The Parcel: Why The Reliance Capital Insolvency Is A Mess
A bidding process at Reliance Capital has turned into one of IBC's core questions: process sanctity or value maximisation?
05 Jan 2023, 09:03 AM IST
After spending about a year under bankruptcy proceedings, Reliance Capital Ltd. is witnessing a tight race for its assets. The only problem? Nobody is satisfied. From complex asset pooling and low-ball offers to a rather fashionable e-auction, everything has been tried in this insolvency. Bidders have come, led, backed out and then returned to dominate with their offers. Yet, nearly two weeks since the final bidding process was concl...
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