Reliance Communications Limited — Important, 04-09-2025: Fraud/Default/Arrest
04-09-2025 | 11:09 pm
04-09-2025 | 11:09 pm
Bank of Baroda classified RCOM's and Anil Ambani's loan accounts as 'Fraud' (INR 833.60 Cr and INR 137.95 Cr, respectively, outstanding). RCOM, currently in CIRP, states these are pre-CIRP loans. The company is protected by insolvency laws; a pending resolution plan may grant immunity against such past liabilities.
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