February 1, 2019 / 2:02 PM / 7 months ago

India's RCom turns to bankruptcy court to resolve debt woes

Feb 1 (Reuters) - India’s Reliance Communications Ltd (RCom) on Friday said it will seek fast track resolution through National Company Law Tribunal, the court that deals with bankruptcy cases, to resolve its debt position.

The company said bit.ly/2Bdw7pA lenders had not received any proceeds from its asset monetization plans, and that its overall debt resolution process had not made any progress. (Reporting by Chandini Monnappa in Bengaluru; Editing by Shailesh Kuber)

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