Disclosure of List of Creditors under Regulation 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
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Awaiting price reaction for this filing.
Reliance Home Finance Limited has disclosed its list of creditors as required under Regulation 13(2)(c) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. This filing is part of the ongoing Corporate Insolvency Resolution Process (CIRP), indicating that the company's insolvency proceedings have already been admitted. The list typically includes financial creditors, operational creditors, and other dues owed by the company. Shareholders should note that this is a regulatory requirement during the resolution process and signals continued insolvency proceedings against the NBFC.
This disclosure reinforces that the company is in active insolvency resolution, which is generally negative for equity shareholders as their claims are subordinate and recovery prospects remain uncertain. Stock price is likely to remain subdued until a resolution plan is approved by NCLT.