Synopsis
The bench directed Jio to furnish application copies to all parties and asked them to file their replies and adjourned the hearing to June 10. On December 3, the National Company Law Tribunal’s (NCLT) Mumbai bench had cleared Jio s resolution plan to pick up the tower and fibre assets of RCom – housed under Reliance Infratel - for under Rs4,000 crore which would have gone to the lenders.
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Reliance Jio Infocomm (Jio) has moved the bankruptcy court against
Reliance Communications (Rcom) tower unit, Reliance Infratel, seeking disclosures of the forensic audit reports of the tower company whose accounts, along with its parent’s, were marked as “fraudulent” by some of its lenders.