Announced Mon, 13 Oct · 19:00 IST

Prior Intimation of the 01st (First) Meeting of the Committee of the Creditors (CoC) of Reliance Home Finance Limited (The Company).

Nclt Insolvency AdmittedRegulatory & Legal View source PDF

RHFL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Reliance Home Finance has informed the stock exchanges that the first meeting of the Committee of Creditors (CoC) will be held under the Insolvency and Bankruptcy Code (IBC). The constitution of a CoC is a standard procedural step that follows NCLT admitting the company into the corporate insolvency resolution process (CIRP). At this meeting, creditors will appoint an insolvency resolution professional, oversee the resolution process, and decide the future course of action including evaluation of any resolution plans. Reliance Home Finance, an NBFC promoted by Reliance Capital, has been undergoing significant financial stress for several years. The stock may continue to be illiquid and volatile as the insolvency process unfolds, with shareholders likely facing dilution or write-down of their holdings depending on the resolution outcome.

Likely market impact

Confirmation that NCLT-initiated insolvency proceedings are formally underway. Equity shareholders typically rank last in the waterfall and face significant risk of value erosion if a resolution plan involves haircuts to creditors.