Motilal Oswal
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Motilal Oswal
March 17, 2019 12:45 PM IST | Telecom

BSNL to approach NCLT this week against RCom to recover Rs 700 crore

Earlier, debt-ridden RCom in its plea before the NCLAT said that it wants to voluntarily go back into the insolvency process, as it will help selling its assets in a time-bound manner.
It had moved the appellate tribunal, seeking directions to the 37 lenders led by SBI to release Rs 260 crore directly to Ericsson.
However, lenders of RCom have opposed the plea, saying that it will lead to the outgo of public money for settling payment of a private party.
BSNL to approach NCLT this week against RCom to recover Rs 700 crore
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