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RCom lenders will oppose CDB's insolvency action before NCLT

The lenders have named Indian law firm J. Sagar Associates as their legal counsel to oppose the CDB petition

Reuters  |  Mumbai 

RCom
Reliance Communications

Embattled Indian wireless carrier Ltd said on Thursday a majority of its 31 have decided to oppose China Development Bank's (CDB) against the company.

The lenders have named Indian law firm J. as their legal counsel to oppose the petition, said in a statement.

Top Indian lender State Bank of India, which is one of the main local lenders to the company, was not immediately available for a comment.

First Published: Thu, November 30 2017. 17:42 IST
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