NCLAT reserves order on lenders’ plea in Reliance Capital resolution

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  • The National Company Law Appellate Tribunal (NCLAT) concluded hearing on the lenders’ plea in the Reliance Capital resolution.
  • Senior advocate Mukul Rohatgi, representing Torrent Investments, argued that the Insolvency Bankruptcy Code (IBC) intends for the maximisation of the value, and the focus should be on the revival of the assets.
  • NCLAT reserved its order on the plea.