Reliance Communications Adverse Business Impact
Canara Bank classified RCOM subsidiary RTL and its erstwhile promoter as Wilful Defaulters per RBI guidelines. Both entities are under CIRP with resolution plans pending NCLT approval.
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Canara Bank classified RCOM subsidiary RTL and its erstwhile promoter as Wilful Defaulters per RBI guidelines. Both entities are under CIRP with resolution plans pending NCLT approval.
Reliance Communications faces partial bank guarantee encashments worth ₹5.72 Crore by the Department of Telecommunications. The action follows defaults on license fee dues for FY2024-2026.
Reliance Communications reported a fire at its Navi Mumbai data center premises damaging IT servers and infrastructure. The company is currently processing an insurance claim for the losses.
CBI officials conducted a seizure operation at Reliance Communications' premises on May 07, 2026. The Company continues normal operations while undergoing corporate insolvency resolution processes.