NCLT approves resolution plan for Reliance Communications Infrastructure

The National Company Law Tribunal (NCLT) has approved the resolution plan for Reliance Communications Infrastructure Limited (RCIL), a subsidiary of bankrupt Reliance Communications Limited, said the company.

“A resolution plan submitted by a resolution applicant, Reliance Projects and Property Management Services Limited, in respect of RCIL, was approved by the committee of creditors of RCIL pursuant to its meeting dated August 5, 2021, following which an application had been filed by the resolution professional of RCIL on August 31, 2021 with the NCLT Mumbai, inter alia, seeking approval of the resolution plan of RCIL under Section 31 of the Code,” said a press release by RCIL.