New Delhi: Debt-ridden Anil Ambani's company Reliance Capital Ltd (RCL) is going through the sale process. On Friday, the last business day, i.e., a committee of creditors has held a meeting on the status of reliance capital's sale process. According to the information given to the Bombay Stock Exchange (BSE), in this meeting, the administrator of Reliance Capital evaluated the committee of creditors.
Along with this, the status of the Corporate Insolvency Resolution Process (CIRP), apart from various aspects connected with it, the status of the claims has been taken into account. Let us know that the last date for submission of Letter of Interest (EOI) for the sale of Reliance Capital is March 11. This means that by this day, it is mandatory to submit letters of interest to those companies who are interested in buying Reliance Capital. Along with this, the last date for submission of the resolution plan is April 20, 2022.
The Reserve Bank of India (RBI) had on November 29 last year dissolved the board of directors of Reliance Capital Limited (RCL) in view of payment defaults and serious issues at the company's operations level. The RBI then appointed Nageswara Rao Y as the administrator of the company.
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