Intimation of the 10th (Tenth) Meeting of the Committee of Creditors (CoC) of Reliance Home Finance Limited (In CIRP)
RHFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Reliance Home Finance Limited has informed that its 10th meeting of the Committee of Creditors (CoC) is being held as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The company is currently under insolvency resolution, meaning NCLT has already admitted it into the IBC framework. The CoC is the key decision-making body that evaluates resolution plans submitted by potential bidders. Multiple CoC meetings indicate that the resolution process is progressing but not yet concluded, with creditors still deliberating on the way forward.
The stock remains under CIRP and is highly risky for shareholders, as equity holders are typically the last to receive any value in an insolvency process. The continued CoC meetings suggest no final resolution plan has been approved yet, keeping uncertainty high for retail investors.