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Reliance Communications Limited — Important, 09-05-2026: Fraud/Default/Arrest
09-05-2026 · 04:44 pm
PNB classified RCOM's subsidiary, RTL, and an ex-director's loan (₹201.51 Cr) as 'fraud' due to fund misappropriation. RCOM notes ongoing CIRP and IBC protections (Sec 14, 32A); resolution plans await NCLT approval. Avoidance applications are filed.
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