{"id":547178,"date":"2023-01-13T09:45:45","date_gmt":"2023-01-13T04:15:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=547178"},"modified":"2023-01-13T10:24:53","modified_gmt":"2023-01-13T04:54:53","slug":"nclt-asks-rcap-lenders-administrator-to-reply-on-torrents-plea-by-monday","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-asks-rcap-lenders-administrator-to-reply-on-torrents-plea-by-monday\/","title":{"rendered":"NCLT asks RCap lenders, administrator to reply on Torrent&#8217;s plea by Monday"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Thursday asked insolvency-bound Reliance Capital&#8217;s lenders and administrator to file a response by January 16 on Torrent Investments&#8217; plea to halt their plans to hold a fresh auction for better realisation.<\/p>\n<p>Torrent Investments &#8212; one of the bidders for the Anil Ambani-promoted Reliance Capital &#8212; has offered Rs 8,640 crore to acquire the firm through the insolvency process.<\/p>\n<p>Earlier this week, Torrent Investments approached the tribunal seeking a stay on the Committee of Creditors&#8217; voting to hold a second round of &#8216;Challenge Mechanism&#8217; or e-auction for the bidders.<\/p>\n<p>Torrent Investments, represented by Mukul Rohatgi, told the Mumbai bench of NCLT that their bid of Rs 8,640 crore was above the threshold and the matter ended there.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Thursday asked insolvency-bound Reliance Capital&#8217;s lenders and administrator to file a response by January 16 on Torrent Investments&#8217; plea to halt their plans to hold a fresh auction for better realisation. Torrent Investments &#8212; one of the bidders for the Anil Ambani-promoted Reliance Capital &#8212; has offered Rs 8,640 crore to acquire the firm through the insolvency process. Earlier this week, Torrent Investments approached the tribunal seeking a stay on the Committee of Creditors&#8217; voting to hold a second round of &#8216;Challenge Mechanism&#8217; or e-auction for the bidders. Torrent Investments, represented by Mukul [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-547178","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=547178"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547178\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=547178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=547178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=547178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}