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Claims of Reliance Infratel's indirect creditors upheld
Mint New Delhi
|December 21, 2024
The apex court upheld ₹10,952 crore claims by four indirect creditors of Anil Ambani-led RCom's tower biz
The Supreme Court on Friday upheld the claims amounting to more than ₹10,952 crore of four indirect creditors of Reliance Infratel Ltd, the tower and fibre business of Mukesh Ambani's telecom company Reliance Communications Ltd (RCom).
Reliance Infratel's total debt exceeds ₹41,055 crore.
In 2022, the National Company Law Appellate Tribunal (NCLAT) rejected the creditors' claims, following a plea by financial creditor Doha Bank, which had objected to the recognition of the indirect creditors-Exim Bank of China, Assets Care and Reconstruction Enterprise (ACRE), Shubh Holdings, and China Development Bank.
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