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Reliance Communications Limited — Important, 24-08-2025: Fraud/Default/Arrest
24-08-2025 | 12:03 am
24-08-2025 | 12:03 am
Bank of India declared RCOM and its subsidiary's 724.78 Cr and 51.77 Cr loan accounts as 'Fraud' due to fund diversion. RCOM, under CIRP, argues IBC protections apply, with a resolution plan awaiting NCLT approval. Legal advice is being sought.
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