RComm

Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel

Dream run may come to a screeching halt anytime, warn analysts as fundamentals do not back them

It's been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies

The plan entails realisation of around Rs 23,000 crore from sale of RCom assets and clawback of money paid to some of the lenders.

Under the plan, 38 lenders of RCom can recover over 70 per cent of their outstanding of Rs 33,000 crore secured debt, they said.

Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources

Last week, Reliance Communications Chairman Anil Ambani along with four directors had resigned from the company, that is going through insolvency process

RCom is presently going through a insolvency process and the National Company Law Tribunal had in July appointed Aneesh Nanavati of Deloitte as the resolution professional