China bank files insolvency suit against Reliance Communication
Megha Jain
Content Head
Reliance Communication (RCom) is facing new trouble as China Development Bank has filed insolvency case on the Anil Ambani owned already a debt-ridden company, before the National Company Law Tribunal (NCLT) Mumbai bench. However, according to the banking sources, Indian lenders are working on a resolution plan for the insolvency case and they might oppose the China Bank’s claim in front of NCLT.
