The Reserve Bank of India (RBI) appointed Vikramaditya Singh Khichi to a panel to advise the administrator of debt-ridden Reliance Capital (RCap), the apex bank said in a release. 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. Earlier, 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.
The Advisory Committee comprise of following members:
Shri Sanjeev Nautiyal, ex-DMD, State Bank of India
Shri Praveen P Kadle, ex-MD & CEO, Tata Capital Limited
Shri Vikramaditya Singh Khichi, ex-ED, Bank of Baroda
The Advisory Committee shall advise the Administrator in the operations of Reliance Capital Ltd during the corporate insolvency resolution process.