Uday Kotak says time to reelok resolution policy as RCap auction hits roadblock

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, PTI reported quoting sources. Meanwhile, the Supreme Court (SC) has listed the matter regarding the second auction for hearing in August.

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