Business Standard

RCom turns to bankruptcy court to resolve debt woes

Image

Reuters

(Reuters) - India's Reliance Communications Ltd (RCom) on Friday said it will seek fast track resolution through National Company Law Tribunal, the court that deals with bankruptcy cases, to resolve its debt position.

The company said lenders had not received any proceeds from its asset monetization plans, and that its overall debt resolution process had not made any progress.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Shailesh Kuber)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 01 2019 | 7:41 PM IST

Explore News