 "insolvency, NPAs, banks, mutual fund, debt, loan")
Reliance Communications has said that IT services major Tech Mahindra has filed insolvency petitions against the company and its two subsidiaries for recovering dues.
The quality of service and amounts billed are disputed, RCom said in a regulatory filing terming the petitions as “misconceived, premature and motivated by extraneous considerations.”
“We wish to inform you that Tech Mahindra Ltd, a vendor for call centre services, has filed petitions, as an unsecured operational creditor under IBC (Insolvency and Bankruptcy Code against the company, Reliance Telecom and Reliance Big TV, subsidiaries of the company for certain bills submitted by them for services allegedly
