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SBI to DoT: Cancellation of RCom's spectrum will 'jeopardise' dues recovery by lenders

Updated : July 27, 2018 09:24 AM IST

SBI and other lenders are engaging with the company to examine possibility of reissuance or extension of the bank guarantees, as required by the Telecom Department, the bank said in a letter.
The move assumes significance as the debt-ridden Reliance Communications is under a temporary reprieve from telecom tribunal TDSAT till August 10 on licence and spectrum cancellation showcause notice served by the DoT.
SBI to DoT: Cancellation of RCom's spectrum will 'jeopardise' dues recovery by lenders
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