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Lenders May Restart Resolution Process For RCom's Telecom Business
UV ARC may lose out on RCom's telecom assets as lenders consider restarting the resolution process.
07 Jul 2021, 02:42 PM IST
Lenders to Reliance Communications Ltd. are considering restarting the bidding process for the company's telecom business, after having approved an offer from UV Asset Reconstruction Co. last year, two people with direct knowledge of the matter said, speaking on conditions of anonymity. This comes as the Reserve Bank of India has held on to its position that ARCs cannot act as resolution applicants under the Insolvency and Bankruptcy...
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