SBI lists RelComm as defaulting entity
'This is to inform you that Company has received letter dated June 23, 2025, (received on June 30, 2025) from SBI (marked to the company and its erstwhile director, Anil DhirajlalAmbani), inter alia, stating that SBI has decided to report the loan account of the company as 'fraud' and to report the name of Anil DhirajlalAmbani (erstwhile director of the company) to the RBI, as per the extant RBI guidelines,' the company said in the BSE filing.
Reliance Communications is part of the Anil Ambani-led Reliance Group. The company is undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.
'A resolution plan has been approved by the committee of creditors of the Company in accordance with the Code and is presently awaiting approval of the National Company Law Tribunal, Mumbai Bench,' the exchange filing read.
'The credit facilities/loans referred to in the Letter from SBI dated June 23, 2025 (received on June 30, 2025) pertain to the period prior to the CIRP of the Company (as identified within the letter), and are required in terms of the Code, to be necessarily resolved as a part of a resolution plan or in liquidation, as the case may be,' it added.
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