Reliance Communications Limited has informed the Exchange about Corporate Insolvency Resolution Process: Notice of meeting of Committee of Creditors (CoC) scheduled to be held on Friday, August 08, 2025
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Reliance Communications Limited (RCOM) has informed the stock exchanges that the 62nd meeting of its Committee of Creditors is scheduled for August 8, 2025. The company has been under the Corporate Insolvency Resolution Process (CIRP) since June 28, 2019, under the Insolvency and Bankruptcy Code, 2016. The affairs of the company are being managed by Resolution Professional Mr. Anish Niranjan Nanavaty, appointed by the NCLT Mumbai Bench. No specific agenda items or resolution plan updates were disclosed in the filing.
For shareholders, this filing signals that the insolvency process remains ongoing with no resolution in sight even after over 6 years. Equity holders typically face significant hair cuts or total loss in prolonged IBC cases, and the lack of any resolution announcement continues to weigh on stock sentiment.