Reliance Home Finance Limited has informed the Exchange about Corporate Insolvency Resolution Process
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Reliance Home Finance Limited has informed the exchanges about the convening of the 9th Committee of Creditors (CoC) meeting scheduled for April 15, 2026 at 6:00 PM via video conferencing. The Corporate Insolvency Resolution Process (CIRP) was initiated on September 20, 2025, following which Umesh B. Sonkar has been appointed as the Resolution Professional. This is an update on the ongoing insolvency proceedings being carried out under the Insolvency and Bankruptcy Code (IBC). The meeting is being held to discuss matters related to the resolution of the company's debt obligations.
The continuation of CIRP proceedings indicates that the company remains under insolvency resolution with no resolution plan finalized yet. Shareholders should note that equity shareholders rank last in the waterfall mechanism under IBC, and recovery of value on their shares is unlikely unless creditors are fully satisfied.