Reliance Capital hearing scheduled on Monday: administrator informs the tribunal

At the heart of the dispute is a bid from the Hinduja Group entity given 24 hours after the auction deadline (December 21), trumping the offer made within the stipulated time by Torrent Investments. While Torrent has offered an upfront payment of Rs 8640 crore, Hinduja offered Rs 8950 crore, including Rs 8110 crore as an upfront payment. However, both offers are below liquidation value.

from Banking/Finance-Industry-Economic Times https://ift.tt/We9OVJf