RCAP resolution plan hits roadblock as bidders upset over another auction plan

The plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not inclined to another round under the insolvency resolution process. The apex court has listed the matter regarding the second auction for a hearing in the month of August.

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