SBI Classifies Reliance Communications, Its promoter Anil Ambani As ‘Fraud’; To Lodge Complaint With CBI
RCom is undergoing the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The resolution plan was approved by the Committee of Creditors and filed with the National Company Law Tribunal, or NCLT, Mumbai, on March 6, 2020, and NCLT approval is awaited. The bank has also initiated the Personal Insolvency Resolution Process…