At least 24 operational creditors have moved various benches of the National Company Law Tribunal (NCLT) in Mumbai to recover dues from Anil Ambani-led Reliance Communications and Reliance Telecom, The Indian Express reported.
Out of the 24 creditors, at least 11 creditors have settled or are in the process of settling the dues with the two companies through the NCLT, the report said, adding that the remaining 13 firms are still waiting to resolve the disputes.
The amount of dues from the two firms range from a few lakhs to crores, the report said citing Tribunal records.
One 97Communication, Paytm’s parent company, is seeking payment of about Rs 20 crore from RCom, while Bangalore International Airport wants Rs 1 crore in dues to be cleared, the report added.
Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.