RCom’s committee of creditors to meet on Monday

New Delhi: Reliance Communications (RCom) on Sunday said a meeting of the company’s committee of creditors is scheduled to be held on Monday.

“The 18th meeting of committee of creditors (CoC) of Reliance Communications Ltd is scheduled to be convened on Monday, February 24, 2020,” RCom said in a regulatory filing.

No other details were disclosed.

According to sources, the CoC on Monday will put to a vote asset bids received from UV Asset Reconstruction Company and Reliance Jio from which lenders are expected to recover around Rs 23,000 crore.