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‘Questionable’ and ‘Unfair Conduct’ cites Bharti Airtel, withdraws bid for RCom...

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Bharti Airtel, one of the biggest telecom operators, has withdrawn his bid to purchase the assets of Reliance Communications. They alleged the act of the Committee of Creditors as biased and Unfair, i.e., their act of extending the time limit of submitting the bid. CoC extended the time limit by ten days for submitting the bid on the request made by Reliance Jio.  Harjeet Kohli, who is the finance director of Bharti Airtel wrote a letter to the resolution professional and without naming Reliance Jio said that the committee of creditors rejected their request to extend the time for submitting the bid for Reliance communication. Still, surprisingly the dates have now been extended to accommodate a bidder.

Will the Lenders of Kwality Ltd accept the revised bid of...

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Kwality Ltd in the year 2016 announced that it had raised an amount of Rs 300 crore and an additional commitment of Rs 220 crore from KKR India Financial Services. This amount was raised by the kwality Limited which is a dairy company to get fund for their expansion plan and for entering in the consumer segment. Kwality Limited is a dairy company that is engaged in the business of manufacturing of dairy products and the processing of milk. Their dairy products include lassi, ghee, milk powder, types of flavoured milk, etc. Kwality has two units for milk processing one in Dibai and other in Softa.
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