NCLT appoints Deloitte's Aneesh Nanavati as RP for Reliance Communications

According to RCom's own admission, financial creditors have made claims worth Rs 57,382 cr from RCom and its two subsidiaries as of June 16

The bankruptcy tribunal Friday approved the appointment of Aneesh Nanavati of Deloitte as the resolution professional for Reliance Communications and its two subsidiaries--Reliance Telecom and Reliance Infratel.

According to RCom's own admission, financial creditors have made claims worth Rs 57,382 crore from RCom and its two subsidiaries as of June 16.

Of this over Rs 7,000 crore are from group companies themselves and over Rs 47,000 crore are from 53 banks including Rs 14,775 crore from Chinese lenders.

The committee of creditors informed the tribunal that all the three companies have unanimously chose Nanavati as the RP as the nature