Tag: Anil Ambani

RCap resolution | NCLAT allows lenders’ plea for another round of bidding

RCap resolution | NCLAT allows lenders’ plea for another round of bidding

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The National Company Law Appellate Tribunal (NCLAT) on March 2, 2023 allowed a petition filed by lenders of Reliance Capital, seeking another round of auction for the debt-ridden firm undergoing insolvency proceedings. A two-member Bench set aside an order passed by NCLT and said the Committee of Creditors (CoC) has the power to negotiate and […]

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Mukesh Ambani completes 20 years at helm of Reliance

Mukesh Ambani completes 20 years at helm of Reliance

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Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate. Following Dhirubhai’s death in 2002, Mr. […]

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