 "Reliance")
The Committee of Creditors of the bankrupt Reliance Communications is planning to put the company’s headquarters in Navi Mumbai on sale after its debt resolution under the Insolvency and Bankruptcy Code failed to make any progress due to the ongoing litigation.
The CoC is planning to set up a committee consisting of two lenders and the resolution professional to identify the buyer. The CoC is not calling it a liquidation of assets as an earlier proposal to sell the company to UV ARC is still pending in court, said a source close to the development. The lenders are expecting up
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