Insolvency tribunal NCLT Mumbai has approved the sale of some of the real estate assets of telecom company Reliance Communications Ltd., a regulatory filing said on Wednesday.

NCLT Mumbai Approves Sale Of RCom Real Estate Assets, Shares

Reliance Communications has stated that any action taken by Union Bank of India to identify the telco’s loan accounts as fraudulent is not legally valid due to the ongoing corporate insolvency resolution. Rcom also highlighted that the irregularities mentioned by the bank occurred before the initiat…

UBI’s action to identify loan accounts as ‘fraudulent’ not legally tenable: Reliance Communication

Reliance Communications is undergoing an insolvency resolution process after it failed to clear vendor dues and other debt.

Union Bank Of India Begins Probe Into Reliance Communications Loan, Seeks Firm’s Response

Here are the stocks to watch before going into trade today

Stocks To Watch: HCL, SJVN, PTC India, Reliance Communications, DCW, Dilip Buildcon, Persistent Systems

Reliance Communications is being sold by FIIs, and there are new challenges around the ARPU as far as the telecom business is concerned. There is also concern about the health of a lot of mid-sized US banks. The atmosphere in the US and the global markets is of concern, of panic.

2 reasons Reliance stock is down 13% YTD: Sudip Bandyopadhyay

Reliance Communications: Will hold auction to sell 56-acres of prime real estate in Navi Mumbai, expect higher valuation due to construction of new airport in the vicinity

Lenders to tap top firms in bid to sell RCom headquarters for Rs 8,000 cr

“…the board of directors of two wholly owned RCom subsidiaries, RRL and CPL (referred to as `selling companies) have vide their respective board resolutions approved initiation of sale process for certain properties owned by such selling companies…these properties inter alia include the DAKC,” RCom …

Two Reliance Communications units to sell properties, including DAKC

Stocks to watch out for today: Sah Polymers, Sun Pharma, Reliance Industries, Infosys, HCL Technologies, Tata Motors, Adani Enterprises, Route Mobile, Cyient, Reliance Communications and more

Stocks in news: Reliance Industries, Infosys, Tata Motors, Adani Enterprises and more

The agenda for the meeting was not disclosed in a filing to the stock exchanges. Mails sent to the resolution professional for RCom on the matter were not answered at press time.

Reliance Communications’ committee of creditors to meet on Thursday

Reliance Communications Ltd has lost 0.98% over last one month compared to 5.59% fall in S&P BSE Telecommunication index and 3.62% drop in the SENSEX