Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process

Kolkata: The Reliance Infratel (RTIL) bankruptcy resolution may be finally headed for a close after two years.

A Reliance Jio Infocomm arm has recently moved a fresh application in the National Company Law Tribunal (NCLT) Mumbai, offering to deposit the total resolution sum of Rs 3,500 crore in a State Bank of India (SBI) escrow account to acquire RTIL, which houses the tower and fibre assets of bankrupt telco, Reliance Communications (RCom).