These figures are for FY20.
The report under consideration is the report submitted by the transaction auditor BDO India LLP to the administrator of the insolvent Reliance Capital.
BDO India LLP is assisting the IBC-appointed Administrator of Reliance Capital in the investigation of matters relating to the Company’s transactions.
Nageswara Rao Y is the administrator of Reliance Capital. He was appointed in accordance with the provisions of the Code by order NCLT Bench in Mumbai on December 6, 2021.
Based on the transaction auditor’s comments, the administrator filed applications regarding disbursements to a total of seven companies before the Mumbai NCLT on October 22, 2022, Reliance Capital said in various regulatory filings on Friday.
All these transactions were loans given by the company to group entities.
In separate filings to the stock exchanges, the Administrator, based on the BDO’s report, disclosed that there was an estimated impact of Rs 1,142.08 crore as loans to Reliance Entertainment Network Pvt Ltd (RENPL); Rs 203.01 crore to Reliance Unicorn Enterprises (RUEPL); Rs 162.91 crore to Reliance Big Entertainment (RBEPL); Rs 131.52 crore to Reliance Broadcast Network (RBNL); 59.12 crore to Reliance Business Broadcast News Holding (RBBNHL).
Also, loans of Rs 39.30 crore given to Reliance Alpha Services (RASPL) and Rs 17.24 crore to Zapak Digital Entertainment (Zapak) had an impact.
The company said that the administrator filed the application against these companies on October 22, 2022 and they are subject to decision by the NCLT.