Stay updated with breaking news from Rel infratel. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SBI to withdraw fraud tag on Rel Infratel Ltd By IANS | 0 Views After 28 years, CBI court verdict awaited in Abhaya murder case. Image Source: IANS News Mumbai/Delhi, June 9 : In a strange turn of events, the State Bank of India (SBI) on Wednesday chose to withdraw the fraud tag against RComs tower and fibre company Reliance Infratel Ltd by filing an affidavit in NCLT Mumbai, stating that it wanted to remove the fraud tag on the company. Reliance Projects and Property Management Services, a part of Reliance Industries Group, was the successful resolution partner in the CIRP (Corporate Insolvency Resolution Process) of Rel Infratel Ltd. It won the right to acquire 100 per cent shareholding of Rel Infratel Ltd. ....
SBI to withdraw fraud tag on Reliance Infratel Freepik In a strange turn of events, the State Bank of India (SBI) on Wednesday chose to withdraw the fraud tag against RComs tower and fibre company Reliance Infratel Ltd by filing an affidavit in NCLT Mumbai, stating that it wanted to remove the fraud tag on the company. Reliance Projects and Property Management Services, a part of Reliance Industries Group, was the successful resolution partner in the CIRP (Corporate Insolvency Resolution Process) of Rel Infratel Ltd. It won the right to acquire 100 per cent shareholding of Rel Infratel Ltd. In its resolution order dated December 3, 2020, the NCLT had awarded the company to RIL Group. However, SBI had classified the Rel Infratel Ltd account as fraud on November 10, 2020, but curiously withheld this vital piece of information before the NCLT when it gave its order. ....
Photo Credit: IANS IANSLive Mumbai/Delhi, June 9 (IANS) In a strange turn of events, the State Bank of India (SBI) on Wednesday chose to withdraw the fraud tag against RComs tower and fibre company Reliance Infratel Ltd by filing an affidavit in NCLT Mumbai, stating that it wanted to remove the fraud tag on the company.