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NCLT found RCIL’s approved resolution plan non-implementable due to a ₹26.29 crore shortfall in mandatory creditor payments. Erstwhile CoC must decide the future course within 30 days, increasing risk of renewed insolvency proceedings or liquidation.
Reliance Communications Receives ₹581.65 Crore PMLA Property Attachment Confirmation
Reliance Communications Faces ₹801.91 Crore DoT Bank Guarantee Encashment