By Monika Singh | 01 Sep, 2022
Sebi stand upheld, but SC refuses to halt voting on Reliance Commercial Finance resolution
In a relief to Reliance Commercial Finance’s (RCF) shareholders, the Supreme Court has allowed its voting process to go through, saying any “unscrambling” of the resolution process will not only prove time-consuming but may also “adversely affect” the debenture holders (DHs) who have agreed to a negotiated settlement.The dissenting DHs should be given an option to accept the terms of the...