Reliance Jio moves NCLT against Reliance Infratel’s Committee of Creditors

Reliance Jio has reportedly moved the National Company Law Tribunal (NCLT) against the Committee of Creditors (CoC) of Reliance Infratel Limited (RITL).

To this end, Reliance Jio, through Reliance Project and Property Management Services Ltd, has filed an application in the NCLT Mumbai against the CoC of RITL. The RITL CoC is led by the State Bank of India (SBI).

NCLT’s Mumbai bench is likely to hear the matter shortly.

Earlier on December 03, 2020, RITL resolution plan was approved by the NCLT for Rs 44 billion.

Reliance Jio, through the Reliance Project and Property Management Services, was the successful resolution applicant for RITL, which comprises of tower and fibre assets of erstwhile Reliance Communication (RCOM).