mumbai creditors to reliance home finance rhf have commenced voting on bids for the company which could lead to resolution of the rs 11200crore debt of the anil ambani group company the voting process is likely to be completed by june 15ares ssg with asset care reconstruction enterprise authum infrastructure avenue capital and capri global are ahead in the race to acquire the housing finance company ares and avenue capital are global funds while authum and capri global are domestic nonbanking finance companiesunlike other large defaults where creditors have initiated bankruptcy proceedings the rhf debt resolution is under the june 7 2019 circular of the reserve bank of india which provides for outofcourt restructuring under the prudential framework for resolution of stressed assets bank of baroda as the lead bank and other banks have entered an intercreditor agreement to facilitate the restructuringother lenders include punjab national bank icici bank hdfc bank canara bank bank of india and indian bank the company has defaulted on repayments of over rs 6000 crore