Reliance broadcast to face insolvency proceedings

MUMBAI: Yet another Anil Ambani group company has landed in the insolvency court. Reliance Broadcast Network Limited, which runs the popular FM radio station Big FM, is the latest company from Anil Ambani group to undergo corporate insolvency resolution process, after IDBI Trusteeship Services Limited’s insolvency plea against the company was admitted by the Mumbai bench of the NCLT.