Authum Investments and Infrastructure (AII) on Monday told the Supreme Court that it was ready to implement the ₹2,887-crore resolution plan for the takeover of Anil Ambani’s Reliance Home Finance (RHFL) by March 31.
The Securities and Exchange Board of India (Sebi), however, opposed it alleging violation of its circular related to voting process of debenture holders (DHs).
A Bench led by Justice BR Gavai – while reserving its judgment on giving approval for AII’s resolution process (RP) – asked all parties to file a small note of their submissions.
Source:
Economic Times
