Delhi High Court orders no coercive action in the RCOM matter
By IANS |
Published on
Mon, Dec 28 2020 16:12 IST |
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Delhi High Court. (File Photo: IANS). Image Source: IANS News
New Delhi, Dec 28 : Delhi High Court has directed the two state owned banks, Union Bank of India and Indian Overseas Bank to maintain the status quo in a matter pertaining to the classification of accounts of Reliance Communication Ltd. ( RCOM) and its subsidiary, Reliance Telecom Ltd. (RTL) as fraudulent.
RCOM and RTL had challenged the recent move by the Union Bank of India and Indian Overseas Bank to mark these accounts as fraudulent.