Legal hurdles could bedevil lenders efforts aimed at fresh bidding for RCom’s telecom biz

Premium

Lenders to Reliance Communications Ltd (RCom) are considering restarting the bidding process for the company's telecom business, which may create legal hurdles for the resolution process. This comes more than a year after a resolution plan to acquire RCom’s assets by UV Asset Reconstruction Company (ARC) and Mukesh Ambani-owned Reliance Digital ......