RCom Says Supreme Court Lifts Ban On Assets Sale, Secured Lenders To Proceed With The Sale

Debt-laden Reliance Communications Ltd (RCom) said on Thursday that Supreme Court had lifted a high court stay on sale of some of its assets and allowed its secured lenders to proceed with the sale process. The top court also directed the company and its secured lenders to file an appeal before the National Company Law Appellate Tribunal (NCLAT) on a stay granted by an arbitration court on the sale of RCom's tower and fibre assets. ...