No voting on RCom resolution plan

The Committee of Creditors (CoC), tasked with finding buyers for the Anil Ambani-promoted Reliance Communications (RCom), discussed various aspects of the resolution plan on Monday but did not vote on the restructuring plan.

The COC will meet again on March 2 for voting, results of which will be tabled by March 4, meeting the deadline set earlier by the National Company Law Tribunal (NCLT), sources close to the development told BusinessLine.

While the lenders discussed the resolution plan as per the agenda, they restrained from voting as many of them were yet to get authorisations from their boards. State Bank of India (SBI), the lead lender, also did not get board approvals.