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Anil Ambani’s RCom Bankrupt Seeks Insolvency

Reliance Communication (RCom) has filed for insolvency and has pitched for a fast track resolution through National Company Law Tribunal, this court deals with bankruptcy cases. The company owned by Anil Ambani owes banks ₹46,000 crore. The company has been struggling under heavy debt, and a trail of losses after the entry of his big brother […]