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Reliance’s Flag Telecom, Associates File for Chapter 11 at Delaware Court

Reliance’s Flag Telecom, Associates File for Chapter 11 at Delaware Court

(Bloomberg) -- Reliance’s Flag Telecom units and other associates filed for Chapter 11 bankruptcy protection at Delaware court, according to a court filing.

  • Estimated assets range from $1b to $10b while estimated liabilities at $1b to $10b
  • A plan is being filed with the Chapter 11 petition
  • Plan acceptances were solicited from some of the creditors before filing the petition

To contact the reporter on this story: Niluksi Koswanage in Singapore at nkoswanage@bloomberg.net

To contact the editor responsible for this story: Niluksi Koswanage at nkoswanage@bloomberg.net

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