Anil Ambani clarifies on Bank of Baroda labelling Reliance Communications’ loan as ‘Fraud’ – Here’s what he said

RCom is under the supervision of a Committee of Creditors led by SBI and managed by a Resolution Professional. The Committee had approved a resolution plan in March 2020. However, the matter has been pending before the NCLT, the Supreme Court, and other judicial forums for the past 6 years.