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Reliance Communications Limited — Important, 09-12-2025: Fraud/Default/Arrest
09-12-2025 | 04:08 pm
09-12-2025 | 04:08 pm
Union Bank classified Reliance Communications (RCOM) and its subsidiary RTL accounts as fraud (Rs. 1,324.86 Cr outstanding). RCOM, already under CIRP with a resolution plan awaiting NCLT approval, asserts IBC protections against pre-CIRP liabilities.
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