RCom creditors may seek more time to complete asset sale process

New Delhi: Reliance Communications’ committee of creditors is likely to seek extension of debt sale process beyond January 10 till February-end from the National Company Law Tribunal, according to sources.

The committee of creditors (CoC) is scheduled to meet on Thursday to consider bids of Reliance Jio, Airtel, Varde and UVARCL.

“As per the NCLT order, CoC has to complete the entire process by January 10. But, now, CoC will seek extension of deadline till February-end,” one of the sources who is involved in the process told PTI.