RCom CoC to vote on resolution plan today

The Committee of Creditors (CoC), tasked with finding buyers for the Anil Ambani-promoted Reliance Communications (RCom) and its two companies, will vote on a resolution plan today. “We wish to inform you that the 18th meeting of Committee of Creditors of Reliance Communications is scheduled to be convened on Monday, February 24, 2020,” RCom said in a regulatory filing on Sunday.

RCom did not provide any additional details in the filing.

Following the approval, the Resolution Professional (RP) will submit the final plan to the Mumbai Bench of the National Company Law Tribunal (NCLT) on March 5, 2020, sources close to development had told BusinessLine.