Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group. (Photographer: Prashant Waydande/Reuters)
After spending about a year under bankruptcy proceedings, Reliance Capital Ltd. is witnessing a tight race for its assets. The only problem? Nobody is satisfied. From complex asset pooling and low-ball offers to a rather fashionable e-auction, everything has been tried in this insolvency. Bidders have come, led, backed out and then returned to dominate with their offers. Yet, nearly two weeks since the final bidding process was concl...