RBI initiates insolvency proceedings against Reliance Capital

The RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law......

Independent valuers give Rs 13,000 crore liquidation value for Reliance Capital

Independent valuers have given a liquidation value of up to Rs 13,000 crore for Reliance Capital, sources said. Photograph: PTI Photo The Reliance Capital administrator, in the Committee of......

RBI supersedes board of Reliance Capital; appoints administrator

The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment......

Reliance Capital gets 10 more bids for subsidiaries

Reliance Capital Ltd (RCL), part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said. Earlier this month,......