The Reserve Bank of India (RBI) appointed Vikramaditya Singh Khichi to a panel to advise the administrator of debt-ridden Reliance Capital (RCap).
* Khichi, former executive director of Bank of Baroda, has been appointed to Reliance Capital’s advisory committee following the resignation of Srinivasan Varadarajan from the panel.
* The RBI on December 7, 2021, constituted an advisory committee to advise the administrator in the operations of the financial service providers during the corporate insolvency resolution process of RCap.
* RCap was planning to challenge the verdict of the National Company Law Tribunal (NCLT) that ruled Torrent Investment as the highest bidder for the firm in the Supreme Court.
* Consequent upon the resignation of Shri Srinivasan Varadarajan from the Advisory Committee with effect from February 17, 2023, it has been decided to appoint Shri Vikramaditya Singh Khichi as a member of the Advisory Committee with immediate effect..
Source : Money Control