Reliance Communications Limited has informed the Exchange about Notice of meeting of Committee of Creditors (CoC) scheduled to be held on Tuesday, May 13, 2025.
RCOM · price
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Reliance Communications Limited (RCOM) has informed the stock exchanges that the 58th meeting of its Committee of Creditors is scheduled for Tuesday, May 13, 2025. The company continues to be under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, which was admitted by the NCLT Mumbai Bench with effect from June 28, 2019. The affairs of the company are being managed by Resolution Professional Mr. Anish Niranjan Nanavaty, who was appointed by the NCLT. This is a routine procedural disclosure under SEBI LODR regulations regarding the ongoing insolvency proceedings.
For shareholders, this is a procedural update and does not indicate any new development in the long-pending insolvency resolution. The stock is likely to remain volatile and illiquid as the case has been unresolved since 2019, with no clarity yet on recovery for equity shareholders who typically are the last in the waterfall.