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Reliance Communications Limited — Important, 04-11-2025: Fraud/Default/Arrest
04-11-2025 | 01:47 pm
04-11-2025 | 01:47 pm
IDBI Bank declared Reliance Communications' loan account "fraud." RCOM emphasizes its ongoing insolvency process (CIRP) and legal protections under IBC, stating the approved resolution plan, awaiting NCLT sanction, addresses pre-insolvency liabilities. Legal advice is sought.
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