June 7, 2020
Expression of Interest (EoI’s) for sale of Anil Ambani companies (Trouble mounts for ADAG)
Lenders of Reliance Naval and Engineering Ltd have sought expressions of interest (EoIs) from buyers to acquire the bankrupt shipbuilder under the insolvency and bankruptcy code. The second Anil Ambani-controlled Reliance Group firm to go for insolvency after Reliance Communications Ltd, Reliance Naval now admitted for insolvency proceedings on 15 January by the Ahmedabad bench