Kapil Sibal says company bid in third round was ‘suboptimal’ and ‘factually incorrect’ as it was less than the threshold...

Voting for running a second round of ‘challenge mechanism’ started on Monday...

The tribunal comprising Justices P.N. Deshmukh and Shyam Babu Gautam declined to grant a stay by the Torrent group and kept the matter for hearing on January 12...

Ahmedabad-based Torrent Group is offering to pay the entire bid amount of Rs 8,640 crore as upfront cash while maintaining the net present value (NPV) of Rs 8,640 crore quoted during the auction...

As per the laid down process by the lenders, the payment terms and other terms and conditions of the resolution plans were subject to negotiations between lenders and bidders post the auction...

Torrent wants the Committee of Creditors to allow it a charge on RelCap’s assets for securing deferred financing, sources said...

Hinduja group comes in second with an offer of Rs 8,150 crore...

Sources say ‘Challenge Mechanism’ gives lenders power to oppose any resolution plan as and when they want...

This is the third time the tribunal has extended the time frame...

Piramal, Torrent, Oaktree and IndusInd Bank have written to administrator seeking an extension of deadline from existing August 10 to September 15...