Majority of Reliance Capital lenders vote in favour of a second auction

The administrator Nageswara Rao Y received 98% vote from lenders in favour of a second auction even as the National Company Law Tribunal (NCLT) will on Thursday hear a petition opposing the new auction filed by Torrent Investments, a bidder in the fray for acquiring the company.

Majority of Reliance Capital lenders vote in favour of a second auction
The administrator Nageswara Rao Y received 98% vote from lenders in favour of a second auction even as the National Company Law Tribunal (NCLT) will on Thursday hear a petition opposing the new auction filed by Torrent Investments, a bidder in the fray for acquiring the company.