Reserve Bank of India appoints Shri Vikramaditya Singh Khichi as a member in the Advisory Committee of M/s Reliance Capital Ltd: Vikramaditya Singh Khichi has been appointed by the Reserve Bank of India (RBI) to a panel that will provide advice to the administrator of the heavily indebted 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.
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On December 7, 2021, the RBI established an advisory committee to provide guidance to the administrator during the corporate insolvency resolution process of RCap about the activities of the financial service providers. 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.
