NCLT to take call on RCom’s assets on Wednesday

The dedicated insolvency court will hear the resolution plan of bankrupt telco Reliance Communications (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