Payment of non-convertible debentures after NCLT process: Reliance Communications

Reliance CommunicationsNSE 0.90 % (RCom) on Thursday said payment of principal and interest on non-convertible debentures (NCD) will be done by the company and its units only after the debt resolution process is over, as directed by the National Company Law Tribunal (NCLT).

“Payment of NCD shall be in the terms of and subject to the said resolution through NCLT,” the debt-laden telecom operator said in a regulatory filing. The NCDs are due to mature on March 1this year.