Restructuring primer: exploring RCom’s CIRP scenarios

22 May 2019

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Reliance Communications’ (RCom) has finally given up on its 15-month battle to keep itself and core Indian subsidiaries Reliance Infratel (RITL) and Reliance Telecom (RTL) outside of bankruptcy. After the Anil Ambani-controlled wirelesscommunications, data-centre and underseacable operator decided it was better served seeking salvation through formal proceedings, the Mumbai National Company Law Tribunal (NCLT) ordered the resumption of its corporate insolvency resolution process (CIRP) on 7 May.