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NCLT extends Reliance Capital resolution process deadline to January 31
By PTI Mini This is the third extension as the timeline has been extended twice in the past, sources said. The National Company Law Tribunal (NCLT) has for the third time extended the deadline for debt-ridden Reliance Capital's resolution process to January 31. As per the Insolvency and Bankruptcy Code (IBC) rules, the administrator had to originally close the resolution of RCL within 180 days, by June 3, 2022. Two options are available for the bidders. Torrent, IndusInd Bank, Oaktree, Cosmea Financial, Authum Investment, and B Right Real Estate have submitted bids in the range of Rs 4,000 crore to Rs 4,500 crore for Reliance Capital's entire assets, the sources said. #reliancecapital Source:- CNBCTV18
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