IBC: RCom lenders to finalise RP from shortlist of 5

The lenders of Reliance Communications (RCom), an Anil Ambani group company, have shortlisted five Resolution Professionals (RPs) based on technical evaluation for the debt-laden firm’s bankruptcy process.

The five RPs were shortlisted from a total of 30 after receiving Expressions of Interest (EoIs) from them, and of the list, 14 were eliminated based on technical evaluation, sources close to the development told BusinessLine .

The shortlisted five are: Ajay Joshi of Duff & Phelps; Ashok Kumar Gulla of RBSA; Sundaresh Bhat of BDO; and Savan Godiawala and Ashish Nanavaty, both from Deloitte.

The lenders, led by the State Bank of India, have also informed the National Company Law Tribunal’s (NCLT) Mumbai bench about the short-listing yesterday, they added.