Reliance Communications Limited has informed the Exchange about General Updates

Reliance Communications (RCOM), which has been under the Corporate Insolvency Resolution Process (CIRP) since 2019, disclosed an NCLT Mumbai order dated April 23, 2025 regarding the 2019 resignations of directors Anil D Ambani and Suresh Rangachar. The Resolution Professional had asked the NCLT to declare their resignations null and void and force them to stay on the board. The NCLT partly allowed the request — it directed the Registrar of Companies to de-register the DIR-11 forms filed by the two directors because they were submitted without the RP's authorization during CIRP. However, the tribunal held that neither director can be forced to continue on the board, and their resignations themselves cannot be declared void. The NCLT clarified that under Section 19(1) of the IBC, both ex-directors remain obligated to cooperate with the Resolution Professional. The company also noted that a resolution plan approved by the Committee of Creditors is still pending NCLT approval under Section 31 of the IBC.