InvestorQ : Is the COC likely to go for rebidding of RCOM?
Juvina Maggie made post

Is the COC likely to go for rebidding of RCOM?

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Deepa Salunkhe answered.
3 weeks ago
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Lenders to RCOM suggested fresh bids after RBI rejected a similar such bid for Aircel. However, legal experts feel this could lead to prolonged litigation. Under the IBC, there is no provision for rebidding once the plan is approved by the lenders. COC can then call for fresh bids only in the event of failure or withdrawal of resolution plan. COC will have to seek fresh NCLT approval for rebidding.

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