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Reliance Communications Limited — Important, 08-10-2025: Fraud/Default/Arrest
08-10-2025 | 10:17 pm
08-10-2025 | 10:17 pm
Central Bank of India flagged RCOM's loan account as 'fraud'. The company, currently in CIRP, states its resolution plan awaits NCLT approval. RCOM expects IBC protections to shield it from pre-CIRP liabilities post-plan implementation. Legal advice is being sought.
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