RCom lenders reject resignation of Anil Ambani, 4 other directors

Lenders of beleaguered Reliance Communications (RCom) have rejected the resignations of its directors, including that of Chairman Anil Ambani, and want them to continue with their duties till the completion of the insolvency process.

“The Committee of Creditors (COC) of RCom its meeting on November 20, 2019, considered the resignations tendered by the following directors and expressed a unanimous view that the resignations cannot be accepted…,” RCom said in a statement to the BSE.

The lenders also instructed the Resolution Professional to convey to the directors to continue with their duties and responsibilities, “at least until the completion of the insolvency resolution process,” it added.