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Reliance Communications Limited — Important, 06-03-2026: Fraud/Default/Arrest
06-03-2026 | 11:36 pm
06-03-2026 | 11:36 pm
Canara Bank classified RCOM and its subsidiary RTL accounts as 'fraud' (₹1790 Cr total), reporting them to RBI. RCOM, undergoing CIRP, asserts IBC protections are expected to shield it from pre-CIRP liabilities upon resolution plan approval. Legal advice is being sought.
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