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NCLAT stays DoT show-cause notice to RCom; next hearing on April 8

Appellate tribunal says would like to hear DoT before giving an order

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Analysts say the other key reason for the slow decline was its growing debt burden

Aashish Aryan New Delhi

2 min read Last Updated : Mar 26 2019 | 9:13 PM IST

The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed any action by the Department of Telecommunications (DoT) on the two show cause notices it had issued to Reliance Communications (RCom) until further orders. The DoT had issued the notices on March 14 and 15.

A two-member bench headed by Chairperson Justice S J Mukhopadhaya also stayed the operation of a DoT letter of March 20, in which it asked Axis Bank to encash a bank guarantee of Rs 2,000 crore by the Anil Ambani group firm.

In the first show cause notice, the DoT had sought to know why the bank

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