Resolution plan: NCLT to take call on Reliance Communications’ assets on Wednesday

The dedicated insolvency court will hear the resolution plan of bankrupt telco Reliance Communications NSE -3.51 % (RCom ) and its units on Wednesday.

The National Company Law Tribunal (NCLT) will decide on August 5 if UV Asset Resolution Co Ltd (UVARCL) and Reliance Jio Infocomm (Jio) are the buyers of RCom’s assets .

The two firms have been overwhelmingly voted in favour of the resolution plans submitted by UVARCL and Jio by RCom’s lenders .