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IBC: The Five Legal Twists An RCom Insolvency Faces
Will an RCom insolvency get Anil Ambani a better deal?
05 Feb 2019, 05:20 PM IST
Regulatory hurdles in the sale of spectrum, a persistent operational creditor in Ericsson, a deal with white knight Reliance Jio, but only on paper, and a board that wishes to overstay its welcome—Reliance Communications Ltd.’s insolvency process promises to be a roller-coaster ride for stakeholders as well as the courts. Thus, the decision of RCom’s board to opt for voluntary insolvency under the Insolvency and Bankruptcy Code, 2016...
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