In a relief to the Reliance Commercial Finance’s (RCF) shareholders, the Supreme Court on Tuesday allowed its voting process to go through, saying any “unscrambling” of the resolution process will not only prove time-consuming, but may also “adversely affect” the debenture holders (DHs) who have agreed to a negotiated settlement. The dissenting DHs should be given an option to accept the terms of the Resolution Plan or pursue other legal means to recover their dues, the apex court said, while setting aside the Bombay High Court judgment that had allowed the shareholders to carry out a voting process based on …
