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Reliance Communications Limited — Important, 25-10-2025: Fraud/Default/Arrest
25-10-2025 | 06:09 pm
25-10-2025 | 06:09 pm
Bank of Maharashtra classified RCOM's Rs 488.78 Cr loan account as 'fraud'. RCOM, undergoing insolvency, states pre-CIRP issues are covered by its resolution plan. IBC Section 32A offers protection from such offenses upon NCLT approval, with legal advice being sought.
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