Prior Intimation of the 02nd (Second) Meeting of the Committee of the Creditors of Reliance Home Finance Limited (The Company).
RHFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Reliance Home Finance Limited has informed the stock exchanges about the upcoming 2nd meeting of the Committee of Creditors (CoC) under the Corporate Insolvency Resolution Process (CIRP). The CoC meeting is a statutory step required under the Insolvency and Bankruptcy Code (IBC), where financial creditors evaluate the resolution plan and other matters relating to the company's revival or liquidation. The company is currently under insolvency proceedings, and this meeting will be an important step in deciding the fate of the company and its creditors' dues.
Existing shareholders are likely to see minimal recovery as the company is under insolvency proceedings. The outcome of CoC meetings could significantly affect the stock price, with potential further downside if liquidation is recommended.