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RCom creditors to meet today

RCom is estimated to have a total debt of over Rs 45,000 crore, which includes exposure of public sector banks also.

twitter-logo PTI   New Delhi     Last Updated: May 30, 2019  | 08:49 IST
RCom creditors to meet today

New Delhi, May 29 (PTI) The committee of creditors of debt-ridden telecom firm Reliance Communications is scheduled to meet on Thursday, the company said in a regulatory note.

"...a meeting of committee of creditors will be held on May 30, 2019," RCom said in the note on Wednesday.

The Anil Ambani-led firm is under the corporate insolvency resolution process, and Mumbai bench of the National Company Law Tribunal has appointed Pradeep Kumar Sethi to manage affairs, business and assets of RCom as interim resolution professional.

The company is estimated to have a total debt of over Rs 45,000 crore, which includes exposure of public sector banks also.

Also read: RCom lenders to submit claims of up to Rs 90,000 crore: Report

Also read: Anil Ambani's RCom admitted for insolvency; next hearing on May 30

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