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Lenders discuss option to invite fresh bids for RCom's assets with resolution professional

Synopsis Lenders of the telco, which filed for bankruptcy in May 2019, are worried that similar to the Aircel case, the Reserve Bank of India (RBI) is unlikely to permit asset reconstruction firm UVARCL buying RComs spectrum and other assets under a resolution plan, the people said. Wikipedia A consortium of Reliance Communications (RCom) lenders, led by the State Bank of India, have held discussions with resolution professional Deloitte on whether rebidding for the bankrupt telco’s assets i...
Sarfaesi Securitisation Nakul Sachdeva National Company Law Tribunal Reliance Telecom State Bank Reserve Bank

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