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Anil Ambani's RCom Goes For Insolvency Proceedings To Repay Debt

The company said lenders had not received any proceeds from its asset monetisation plans
The company said lenders had not received any proceeds from its asset monetisation plans
Reliance Communications (RCom) on Friday said it will seek fast track resolution through National Company Law Tribunal, the court that deals with bankruptcy cases, to resolve its debt position. The company said lenders had not received any proceeds from its asset monetisation plans, and that its overall debt resolution process had not made any progress.
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