Reliance Communications Limited — Important, 28-05-2025: General Updates

Reliance Communications continues under Corporate Insolvency Resolution Process, with operations overseen by the Resolution Professional. Former directors Anil D Ambani and Suresh Rangachar resigned, but their resignations were not accepted by creditors. The tribunal validated their resignations but requires them to cooperate with the resolution process. The resolution plan has been approved and is pending final tribunal clearance, maintaining uncertainty around the company’s turnaround timeline.