Friday, 25 May 2018

RCom creditors oppose insolvency petition

By Nick Wood, Total Telecom
Thursday 30 November 17

China Development Bank reportedly filed lawsuit in bid to recover $1.78 billion from Indian operator

Reliance Communications on Thursday said that most of its creditors do not support an insolvency petition filed by China Development Bank (CDB). The Economic Times reported earlier this week that CBD filed the petition at India's National Company Law Tribunal (NCLT) on 24 November in a bid to recover $1…

Reliance Communications on Thursday said that most of its creditors do not support an insolvency petition filed by China Development Bank (CDB). The Economic Times reported earlier this week that CBD filed the petition at India's National Company Law Tribunal (NCLT) on 24 November in a bid to recover $1…

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