InvestorQ : Is it true that RCOM will now go into liquidation?
Lavanya Subramanian made post

Is it true that RCOM will now go into liquidation?

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Anamika Sodhani answered.
2 months ago
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The latest NCLAT orders states that spectrum held by RCOM can be sold under the insolvency process after government dues are cleared. This would virtually mean liquidation of RCOM, unless the Supreme Court rules to the contrary.

RCOM COC will file an appeal against the order in SC. This order pertains to Aircel but Aircel and RCOM jointly owe Rs.64,000 crore to Indian banks. Between them, they also owe Rs.38,400 crore to DOT in the form of AGR dues.

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