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Reliance Communications' resolution may hit a bump as banks mark its account as fraud

Synopsis
Resolution applicants Reliance Jio Infocomm and UV Asset Reconstruction Co. Ltd (UVARCL) may want to seek indemnity from any investigative proceedings into these companies, said the people cited above.
The latest allegations come a year after a forensic audit unearthed questionable transactions worth ₹5,500 crore in the three Anil Ambani-led Reliance Group entities.
Reliance Communications (RCom) may hit another hurdle with State Bank of India, Union Bank of India and
Indian Overseas Bank classifying the accounts of the telco and its units Reliance Telecom and Reliance Infratel as fraudulent last week, said people with the knowledge of the matter. The lenders are now looking to initiate a deeper probe, said one of the persons. ....

Jio Infocomm , Indian Overseas Bank , Reliance Communications Rcom , Reliance Digital Platform Project Services , Reliance Telecom , Uv Asset Reconstruction Co , National Company Law Tribunal , Anil Reliance Group , Union Bank , Reliance Industries , Reliance Communications , State Bank , Reliance Infratel , Reliance Jio Infocomm , May Delay Recovery , Anil Ambani Led Reliance Group , Reliance Digital Platform , Project Services , Bankruptcy Resolution Process , Jr Com , ஜிோ இன்பொக்கோம்ம் , இந்தியன் ஓவர்‌ஸீஸ் வங்கி , நம்பகத்தன்மை டிஜிட்டல் நடைமேடை ப்ராஜெக்ட் சேவைகள் , நம்பகத்தன்மை தொலை தொடர்பு , ஊவ் சொத்து புனரமைப்பு இணை , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் ,

RCom resolution may hit a bump

RCom resolution may hit a bump
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Synopsis
Resolution applicants Reliance Jio Infocomm and UV Asset Reconstruction Co. Ltd (UVARCL) may want to seek indemnity from any investigative proceedings into these companies, said the people cited above.
The latest allegations come a year after a forensic audit unearthed questionable transactions worth ₹5,500 crore in the three Anil Ambani-led Reliance Group entities.
INSIGHTS
NSE
Reliance Communications (RCom) may hit another hurdle with State Bank of India, Union Bank of India and
Indian Overseas Bank classifying the accounts of the telco and its units Reliance Telecom and Reliance Infratel as fraudulent last week, said people with the knowledge of the matter. The lenders are now looking to initiate a deeper probe, said one of the persons. ....

Jio Infocomm , Indian Overseas Bank , Reliance Communications Rcom , Reliance Digital Platform Project Services , Reliance Telecom , Uv Asset Reconstruction Co , National Company Law Tribunal , Anil Reliance Group , Union Bank , Reliance Industries , Reliance Communications , State Bank , Reliance Infratel , Reliance Jio Infocomm , May Delay Recovery , Anil Ambani Led Reliance Group , Reliance Digital Platform , Project Services , Bankruptcy Resolution Process , Jr Com , ஜிோ இன்பொக்கோம்ம் , இந்தியன் ஓவர்‌ஸீஸ் வங்கி , நம்பகத்தன்மை டிஜிட்டல் நடைமேடை ப்ராஜெக்ட் சேவைகள் , நம்பகத்தன்மை தொலை தொடர்பு , ஊவ் சொத்து புனரமைப்பு இணை , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் ,